BMO economist Robert Kavcic forecasts a "long and slow grind" toward housing affordability in Canada⁠⁠. Prices have fallen 17% from their 2022 peak, but remain unaffordable for many⁠⁠. Investors have exited the market, calling real estate "dead money" compared to equities⁠⁠, and Kavcic predicts prices will continue to decline, especially in the condo and rental segments⁠⁠.
The current market favors buyers, with sellers more likely to lower prices than buyers are to pay more⁠⁠​GTA prices still falling
Detached houses dropped 8% year-over-year and condos fell 3.8% in the Greater Toronto Area⁠⁠​Rental market concerns
Pre-construction condo buyers facing higher mortgage rates are forced to rent instead of sell, which reinforces bearish rental market outlook⁠

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<a href="https://economics.bmo.com/en/our-economists/economist-details/51/">BMO economist Robert Kavcic</a> forecasts a "long and slow grind" toward housing affordability in Canada⁠<a href="https://www.notion.so/374-Why-Investors-Are-Fleeing-Canadian-Real-Estate-Kavcic-2f877b52a03d8040a028edff824378e7?pvs=53#2f877b52a03d808da34beb6927624cc8" data-token-index="2" data-citation-token-block-id="2f877b52-a03d-808d-a34b-eb6927624cc8"></a>⁠. Prices have fallen 17% from their 2022 peak, but remain unaffordable for many⁠<a href="https://www.notion.so/374-Why-Investors-Are-Fleeing-Canadian-Real-Estate-Kavcic-2f877b52a03d8040a028edff824378e7?pvs=53#2f877b52a03d80be8a5af04b118f8de9" data-token-index="4" data-citation-token-block-id="2f877b52-a03d-80be-8a5a-f04b118f8de9"></a>⁠. Investors have exited the market, calling real estate "dead money" compared to equities⁠<a href="https://www.notion.so/374-Why-Investors-Are-Fleeing-Canadian-Real-Estate-Kavcic-2f877b52a03d8040a028edff824378e7?pvs=53#2f877b52a03d8065b288fa769b426fd1" data-token-index="6" data-citation-token-block-id="2f877b52-a03d-8065-b288-fa769b426fd1"></a>⁠, and Kavcic predicts prices will continue to decline, especially in the condo and rental segments⁠<a href="https://www.notion.so/374-Why-Investors-Are-Fleeing-Canadian-Real-Estate-Kavcic-2f877b52a03d8040a028edff824378e7?pvs=53#2f877b52a03d807fa0fbed8ebce9bc72" data-token-index="8" data-citation-token-block-id="2f877b52-a03d-807f-a0fb-ed8ebce9bc72"></a>⁠.
<ul>
<li>The current market favors buyers, with sellers more likely to lower prices than buyers are to pay more⁠<a href="https://www.notion.so/374-Why-Investors-Are-Fleeing-Canadian-Real-Estate-Kavcic-2f877b52a03d8040a028edff824378e7?pvs=53#2f877b52a03d80ed91f0e34717d009c4" data-token-index="2" data-citation-token-block-id="2f877b52-a03d-80ed-91f0-e34717d009c4"></a>⁠​GTA prices still falling</li>
<li>Detached houses dropped 8% year-over-year and condos fell 3.8% in the Greater Toronto Area⁠<a href="https://www.notion.so/374-Why-Investors-Are-Fleeing-Canadian-Real-Estate-Kavcic-2f877b52a03d8040a028edff824378e7?pvs=53#2f877b52a03d809f9fa1d70ee90bde88" data-token-index="2" data-citation-token-block-id="2f877b52-a03d-809f-9fa1-d70ee90bde88"></a>⁠​Rental market concerns</li>
<li>Pre-construction condo buyers facing higher mortgage rates are forced to rent instead of sell, which reinforces bearish rental market outlook⁠<a href="https://www.notion.so/374-Why-Investors-Are-Fleeing-Canadian-Real-Estate-Kavcic-2f877b52a03d8040a028edff824378e7?pvs=53#2f877b52a03d802b90d7dbcc3006fd07" data-token-index="2" data-citation-token-block-id="2f877b52-a03d-802b-90d7-dbcc3006fd07"></a></li>
</ul>
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The Podcast For Canadian Real Estate Investors.

The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio.
Show hosts Daniel Foch and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.

The Podcast For Canadian Real Estate Investors.
The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio. Show hosts Daniel Foch and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.

The Canadian Real Estate Investor

The Podcast For Canadian Real Estate Investors.

The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio.

Show hosts Daniel Foche and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.

The Podcast For Canadian Real Estate Investors.
The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio.
Show hosts Daniel Foche and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.