Source Feed: CBC News - Canada
Publication Date: April 16, 2026 - 05:00
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Canadian Real Estate Association downgrades housing market forecast due to 'oil shock'
April 16, 2026
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.
Unpublished Newswire
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