Canada’s Housing Market Just Erased a Decade of Gains

Canada’s real estate market is entering one of the most consequential periods in a generation. Home prices have suffered their steepest correction on record, political scrutiny is intensifying around government intervention in the condo market, insolvencies remain near historic highs, and a major new land agreement could reshape decision-making across an area larger than Portugal. Start with housing prices. After experiencing the fastest appreciation in Canadian history, national home value...