Canada’s housing market is facing a silent crash. Buyers have vanished, listings are flooding in, and sellers are slashing prices — some condos are now worth less than in 2019. TD warns of an economic crisis, while RBC sees stability. GDP is shrinking, manufacturing is down, and affordability is at historic lows. Tighter lending, rising unemployment, and underwater mortgages point to a worsening recession, possibly even a depression.
Canada
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