Posthaste: Canada’s housing market headed for ‘historic correction’, says RBC Sign up for five surprising FP newsletters
housing-0725 Good morning! Canada’s biggest bank has downgraded its outlook for the housing market and now predicts a “historic correction,” worse than any national downturn seen in this country in the past 40 years. Rising inflation has put the Bank of Canada on a course of aggressive hikes that will take its policy rate to …