Housing correction: How far will the market fall?

Guest: Jacob Lorinc, business reporter

As prices fall and listings get pulled off the market, experts are projecting a historic correction to come for the Canadian housing market. There already was limited supply, but the confounding thing is that with rising inflation rates, housing affordability will remain a challenge for many people despite lower home prices. Now the two big questions are: How long will it last and how far will the market fall?

This episode was produced by Alexis Green, Paulo Marques and Raju Mudhar.

Audio sources: CBC, Global News, CityNews