Financial Post: Canada's housing market suffers largest price decline among major economies, says BIS

“Canada is still in the grip of one of the deepest housing downturns in the advanced world,” Karl Schamotta, chief market analyst at Corpay Cross-Border Solutions, said in a note to clients, referencing the BIS data. “After spectacularly outsized gains before and after the pandemic, home prices have fallen more sharply than in peer economies and are showing little sign of stabilizing.”

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