Canada Is Heading For A Hard Landing Real Estate Prices To Drop Thirty Percent Oxford Econ
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Canadians, buckle your seat belt and prepare for a little turbulence in the coming months. Oxford Economics warned investors to prepare for a hard landing for Canada’s economy. The research firm attributes the coming shock to high debt loads, elevated inflation, and rising rates. The resulting shock is forecast to lower home prices around 30% from the peak.
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