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REET - Paying For The Crazy Years: Home Prices Leading Economy Down
iShares Trust Global REIT
The largest headwind for Canadian households, lenders and the economy in 2019-20 is the same force that worked as a tailwind in the decade before: real estate. Naturally, the leaders of the boom years -the greater Vancouver and Toronto areas - are now also leading the deflation cycle. And a popular plan to 'list this spring' suggests homes on offer are set to rise significantly in the weeks ahead.
Spring listings come to market as Vancouver already had 12,774 homes for sale in March, 52% more than a year ago and 10.2% more than a