Garry Marr writes that sentiment toward Canadian housing is more negative than he has seen in over 25 years covering the sector, including within the real estate industry itself. Steve Saretsky expects nominal prices to be only slightly higher a decade from now, while Ron Butler notes that after the 1990s downturn, prices did not recover with inflation until about 2012. CREA’s realtor count fell to over 155,000 from 160,000 a year earlier, and Q3 annualized sales of 450,000 were barely more than half the 775,000 of Q1 2021. The national average home price was $666,538 in September, down 1.6% year over year and below the $824,192 peak in February 2022. Urbanation reported GTHA condo sales doubled to 760 units in Q3, yet remained 78% below the 10-year average, with the foreign buyer ban expiring in January seen as a possible boost.
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SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.09 |
| Change that session | +0.53% |
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