Canadian home prices to fall in real terms next year as affordability, mortgage rules bite: Fitch

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Mortgage Agents in High River

Canadian house prices in real terms will fall modestly next year because they’re out of reach for many buyers and others that want to enter the market can’t get loans, according to debt assessment firm Fitch Ratings.The country will see house price growth of about 1 per cent, which, when set against inflation of around 2 per cent, will mean a real decline, Fitch said Tuesday in its Global Housing and Mortgage Outlook — 2020.

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Original Article Source Credits:Financial Post , https://business.financialpost.com/

Article Written By:   Colin McClelland

Original Article Posted on : December 17, 2019

Link to Original Article:  https://business.financialpost.com/real-estate/canadian-home-prices-to-fall-in-real-terms-next-year-as-affordability-mortgage-rules-bite-fitch

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