The worst case for Canadian real estate is a 30% drop in price, which is still down in 2027: RBC
Canada’s largest bank is optimistic about the economy, but not about house prices. RBC regulatory documents reveal that they see house prices falling modestly next year. That’s if the economy doesn’t find any unexpected hiccups. However, the bank warns that they have given more weight to the downturn as the outlook darkens. In the negative …