Posthaste: Forces are gathering against Canada’s housing market ...Middle East

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Breadcrumb Trail Links News The latest headwind — rising mortgage rates Published Oct 10, 2023  •  3 minute read Economists expect Canadian housing sales and prices to fall further. Photo by Getty Images Article content Article content More headwinds are barrelling down on Canada’s housing market. Sales in most major markets weakened in September amid a surge in new listings and softer demand, and now mortgage rates are on the march amid the global bond market rout. Canadian government bond yields have risen to their highest since the financial crisis in recent days, and this rise could pose a big risk to the economy through its impact on the housing mark

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