Canadian Real Estate Association downgrades housing market forecast due to 'oil shock'

Canadian Real Estate Association has downgraded its housing market forecast following a jump in fixed mortgage rates and weaker than expected housing sales in the first three months of 2026. CREA had been forecasting higher sales, based on the idea that pent-up demand would emerge, especially from first-time buyers.

This article is sourced from CBC Business. Click below to read the complete article on their official website.