The sun is going down on the global housing boom

The Royal Bank of Canada thinks sales in that country will plummet from their peak in 2021 by more than 40%. (Image: Getty)

The Economist

Tue, 25 Oct 2022

Diana Mousaly spent months searching for a home in Windsor, Canada’s southernmost city. It was the height of covid-19 and prices were rising across the country. Mousaly, a 27-year-old clerk at the local police service, viewed nearly 100 homes and made 60 or so offers – often at hundreds of thousands of Canadian dollars above the asking price – before finally closing on a property last September. A decade ago, her parents purchased a home for half the amount. “It’s four times bigger than mine,” she s...

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