Canada Most Expensive Real Estate Market Is Dropping An Average of Two Thousand Two Hundred Dollars Per Day

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Canadian real estate prices got a big boost from central bank stimulus, sparking a speculative frenzy. That frenzy is coming to an end fast, with more than half of major markets off peak. A pullback is expected after rapid price increases for real estate markets. What’s unexpected is the pace of the pullback, possibly one of the fastest declines Canada has ever seen. The country’s worst performing markets are now falling an average of thousands per day. However, markets are so frothy, this has only put a dent in the gains made.

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