The Canadian Housing Market Is Facing a Perfect Storm

Canada's housing downturn is no longer simply a story of declining property values. A broader deterioration in household finances, employment and business confidence is beginning to reinforce the weakness already gripping real estate markets. The concern is not any single economic indicator. It is how these pressures are increasingly connected, creating a cycle that could deepen the housing downturn while undermining the construction activity needed for future supply. Financial distress i...