CREA Blames SNOW for Housing Crash… Canadians Aren’t Buying It. Is Housing Dead?
Ontario home sales fell 16.2% in January, and the Canadian Real Estate Association says a major snowstorm is to blame. But does the data actually support that explanation?In this episode of Tap the Maple, we break down historical housing trends during Canada’s biggest winter storms, including the 1999 Toronto blizzard, the polar vortex, and recent major weather events, to see whether snow has ever caused a real estate collapse.The results tell a very different story.If listings are rising, prices are falling, and buyer demand is weakening, the issue isn’t weather, it’s affordability, interest…
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