Canadian Real Estate Association downgrades housing market forecast due to 'oil shock'
Canadian Real Estate Association has downgraded its housing market forecast following a jump in fixed mortgage rates and weaker than expected housing sales in the first three months of 2026. CREA had been forecasting higher sales, based on the idea that pent-up demand would emerge, especially from first-time buyers.
https://www.cbc.ca/news/business/crea-housing-market-downgrade-april-9.7165168?cmp=rss
Canadian Real Estate Association has downgraded its housing market forecast following a jump in fixed mortgage rates and weaker than expected housing sales in the first three months of 2026. CREA had been forecasting higher sales, based on the idea that pent-up demand would emerge, especially from first-time buyers.
https://www.cbc.ca/news/business/crea-housing-market-downgrade-april-9.7165168?cmp=rss









