Canada’s real estate market will likely see further correction in 2019, as fears of higher interest rates and stress tests continue to weigh on the sector, according to analysts.
After a period of double-digit growth in key markets over the past few years, Canada’s real estate sector came back down to earth in 2018, broadsided by tighter rules. Home sales activity was down 12.6 per cent year-on-year in November, below the 10-year average for the month, according to the Canadian Real Estate Association.
Read More on Financial Post
Higher interest rates and mortgage stress tests are expected to further dampen the real estate market. Here's what to expect in four markets. #GTA_Real_Estate Click To Tweet