Demand is waning in Canada’s hottest real estate markets; sales dipped -32% in Vancouver and -16% in Toronto in 2018. Discouraging as this may be, it seems that Canada isn’t alone. Hot beds from New York City to Sydney experienced price declines last year. In an environment characterized by changes in regulation, less access to capital, and a negative tilt in sentiment, one can’t help but question conventional wisdom. Is 2019 the year of wide spread weakness in our housing market? Or, is unemployment, trending at multi-decade lows coupled with positive economic growth, enough to fend off a downturn? We explore these topics and seek answers in this weeks’ Ethos.
See the Report Here.