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Canadian Recession Going to Crush Housing? How it really works
Is Canada really in a recession? 🤔 The truth might surprise you!
Here's the deal:
A "technical recession" means two consecutive quarters of economic decline. But here’s the twist—house prices aren’t crashing, interest rates aren’t dropping, and banks are raking in record profits!
But why?
1️⃣ House prices are only down about 4% from last year, and that decline is slowing.
2️⃣ Interest rates remain high due to inflation, despite what many expect.
3️⃣ Banks are thriving, making billions while we wait for a market crash that may never come.
So, if you're holding off on real estate decisions…
The skinny
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