Canada, Germany and Australia lead decline in real prices, BIS reports
Strong inflation data coupled with housing market rebound makes case for more BoC tightening
April's average price tumbled 7.8% from a year ago, but was still roughly 4% higher than the March average.
Housing market, bank liquidity and the commercial real estate sector top the regulator's list of concerns
Further upward pressure on rents is expected in the coming months
Affordability may become an even bigger issue as housing starts lag immigration numbers
Compared to a year ago, sales were down 37%
Average home price is expected to gain 3.5% from 2023 to 2024
Mortgage debt growth remains sluggish alongside weaker housing markets, finds StatsCan
In this economic cycle, national home prices could fall 25% from their peak, BMO says