{"id":418703,"date":"2026-01-19T05:06:07","date_gmt":"2026-01-19T05:06:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/418703\/"},"modified":"2026-01-19T05:06:07","modified_gmt":"2026-01-19T05:06:07","slug":"this-weeks-top-stories-canadian-real-estate-correction-deepens-outlook-worsens","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/418703\/","title":{"rendered":"This Week\u2019s Top Stories: Canadian Real Estate Correction Deepens, &#038; Outlook Worsens"},"content":{"rendered":"<p>Time for your cheat sheet on this week\u2019s top stories.<\/p>\n<p>Canadian Real Estate<\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-real-estate-prices-back-to-2017-levels-after-inflation-bmo\/\" rel=\"nofollow noopener\" target=\"_blank\">Canadian Real Estate Prices Back To 2017 Levels After Inflation: BMO<\/a><\/p>\n<p>Inflation has been chipping away at Canadian real estate prices, warns BMO. The bank notes prices rolled back to 2021 in nominal terms, but inflation puts prices back to 2017 levels. Affordability remains stretched, but that\u2019s just one of the reasons buyers haven\u2019t returned. It cites generational hesitance and shifting priorities as further contributing factors.<\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-real-estate-prices-back-to-2017-levels-after-inflation-bmo\/\" rel=\"nofollow noopener\" target=\"_blank\">Continue Reading\u2026<\/a><\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-incomes-surged-but-71-expect-life-to-worsen-in-2026-mnp\/\" rel=\"nofollow noopener\" target=\"_blank\">Canadian Incomes Surged, But 71% Expect Life To Worsen In 2026: MNP<\/a><\/p>\n<p>Canada\u2019s economy is consistently outperforming, but most expect life to worsen. That was the result of the latest survey from MNP, showing 71% expect things to get worse in the country. Most see housing affordability (59%), inflation (54%), and employment (52%) driving the erosion. The results are somewhat surprising, as the survey itself reveals respondents\u2019 finances are improving. This suggests households see recent improvements as short-lived.<\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-incomes-surged-but-71-expect-life-to-worsen-in-2026-mnp\/\" rel=\"nofollow noopener\" target=\"_blank\">Continue Reading\u2026<\/a><\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-real-estate-losses-grow-as-correction-enters-second-leg\/\" rel=\"nofollow noopener\" target=\"_blank\">Canadian Real Estate Losses Grow As Correction Enters Second Leg<\/a><\/p>\n<p>What correction? After the initial shock in 2022, prices have largely stalled at the national level. That may be changing, as last month saw the second-largest drop for December on record. It was accompanied by a minor pullback in sales and the second-most new listings on record. Weaker demand and soaring supply are combining to create more downward pressure. The result is accelerating losses, with prices now falling again.\u00a0<\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-real-estate-losses-grow-as-correction-enters-second-leg\/\" rel=\"nofollow noopener\" target=\"_blank\">Continue Reading\u2026<\/a><\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-urbanization-stalls-more-people-snub-big-cities\/\" rel=\"nofollow noopener\" target=\"_blank\">Canadian Urbanization Stalls: More People Snub Big Cities<\/a><\/p>\n<p>For the first time in decades, Canada\u2019s urbanization rate has stalled. The share of the country\u2019s population living in cities was 74.8% in 2025, unchanged from a year before. It isn\u2019t just due to slowing immigration, but a shifting preference. Last year saw a record share of growth move outside of major cities, a preference shared by new immigrants. The reason is a mystery at this point, but affordability is likely to be one of the biggest drivers.<\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-urbanization-stalls-more-people-snub-big-cities\/\" rel=\"nofollow noopener\" target=\"_blank\">Continue Reading\u2026<\/a><\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-rental-prices-just-posted-their-sharpest-drop-in-4-years\/\" rel=\"nofollow noopener\" target=\"_blank\">Canadian Rental Prices Just Posted Their Sharpest Drop In 4 Years<\/a><\/p>\n<p>Asking rents across the country just posted the sharpest drop in 4 years, according to rentals.ca data. The average asking rent fell 0.7% to $2,060 per month in December, the lowest since June 2023. It may not be obvious outside of the country\u2019s largest markets, as these areas drive most of the decline. Smaller cities continue to outperform for rents, narrowing the gap with larger markets. That begs the question: Are big cities too cheap, or small cities too expensive?\u00a0<\/p>\n<p><a href=\"https:\/\/betterdwelling.com\/canadian-rental-prices-just-posted-their-sharpest-drop-in-4-years\/\" rel=\"nofollow noopener\" target=\"_blank\">Continue Reading\u2026<\/a><\/p>\n<p>\n\tYou Might Also Like<\/p>\n","protected":false},"excerpt":{"rendered":"Time for your cheat sheet on this week\u2019s top stories. Canadian Real Estate Canadian Real Estate Prices Back&hellip;\n","protected":false},"author":2,"featured_media":418704,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":{"0":"post-418703","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/418703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=418703"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/418703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/418704"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=418703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=418703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=418703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}