Ground Hog Says 6 More Months of Canada Housing Price Cuts

Prices will either drop 27% from 2022 peaks, or 48%, Oxford report says.

The trajectory of Canadian home prices is beginning to resemble an old Road Runner cartoon—the one where Wile E. Coyote steps off a cliff and stands in midair for a few seconds, wondering where the ground went.

In this case, Wile E. is assuming the pose of a ground hog that’s just seen his shadow, meaning six more months of collapsing prices.

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Jack Rogers

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