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Home prices are falling, but likely won’t fall much further thanks to housing shortage: CMHC deputy chief economist

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Home prices are falling, but likely won’t fall much further thanks to housing shortage: CMHC deputy chief economist

SBN Editor

Published on January 14, 2023

The price of housing in Canada likely won’t drop much further due to the country’s ongoing shortage of new homes, even as rising interest rates curb some demand, the deputy chief economist for the CMHC says.

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