✉news BusinessReal Estate first seen 16 h ago, last 6 h ago, peak #16
Toronto and Vancouver ranked among world's weakest property markets
Original: Toronto and Vancouver were ranked among the weakest real estate markets in the world. Here’s why
Toronto and Vancouver have been placed among the weakest real estate markets globally in a new international ranking, according to reporting by BNN Bloomberg and CTV News. The ranking reflects the slowdown in Canada's two largest housing markets, where high borrowing costs, elevated prices and weak sales activity have cooled demand. The result is drawing attention given how expensive both cities remain relative to local incomes.
Why now: New international rankings showing Canada's biggest cities among the worst-performing housing markets contradict their reputation as red-hot markets, prompting debate over affordability and interest rates.
TorontoVancouverBNN BloombergCTV News
Evidence
- Toronto and Vancouver were ranked among the weakest real estate markets in the world. Here’s why · BNN Bloomberg
- Toronto and Vancouver were ranked among the weakest real estate markets in the world. Here’s why · CTV News
- Toronto and Vancouver were ranked among the weakest real estate markets in the world. Here’s why · CTV News
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