This Week’s Top Stories: Canadian Real Estate Unaffordable Until 2035, & Mortgages Won’t Fall Much Further

Time for your cheat sheet on this week’s top stories.

Canadian Real Estate

Canadian GDP Rises On Gov Spending, Big Revisions To Slow Rate Cuts: BMO

Canada’s economy is growing faster than anticipated, which may lead to higher rates. Real

Celebrity real estate broker gives reality check on housing: Prices won’t go down

One celebrity real estate agent made a gloomy prediction about the health of the U.S. housing market

Prize-winning real-estate economist says the office market won’t improve for years: ‘This is a trainwreck in slow motion’

One of the most seismic changes from the pandemic is where we work. For many of us, that’s still completely or partially at home, leaving a major glut of office space where millions of Americans used to spend 40-plus hours …

Downtown real estate and commercial buildings are struggling. Why won’t landlords lower the rent?

They call it the “debt wall,” and it is not the kind of wall that protects you. It’s the kind that might collapse and crush your village, or into which you might crash your car. Specifically, it is $1.5 trillion