Home prices are expected to reach their bottom sometime in early 2023, after declining 20% from peak to trough
Amid weakness in bonds and equities, infrastructure and real estate held up
Interest rates have hurt affordability but supply shortages will act as floor on prices
Troubled property sector poses growing threat to banks
Forecast decline nearly 12% in Toronto area, Halifax expected to gain 8%
Meanwhile, eliminating student loan interest would cost $2.7 billion over five years, the Parliamentary Budget Officer finds
The company is moving away from property operations to refocus its business as an investment manager
Rate dropped 11% to 267,055 units, from 298,811 in September
The national average home price in October was down almost 10% from a year ago
A report outlines the top trends for investors in the sector to consider