Posthaste: Even bigger home price drops seen looming as interest rate forecasts rise

The higher expectations for interest rate hikes climb, the bleaker the outlook for global housing markets gets. Read more

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Even higher rates will put more pressure on housing markets, and Capital now expects bigger price drops in some of the more vulnerable markets, including Canada. Evidence that the bottom for housing markets is still a ways away showed up in early reports from local real estate boards as sales and prices fell broadly across Canada in September.

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