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Bubble Prices And Rising Rates Are A Deflationary Force For Home Prices

Apr. 28, 2022 12:54 AM ETEWC, HEWC, FLCA, BBCA, ZCAN2 Comments
Danielle Park, CFA profile picture
Danielle Park, CFA


  • In the past few months, bond prices have dumped (spiking their yields) to discount for a whopping 3% of central bank rate hike plans over the next year.
  • In April, mortgage rates rose further, with the offered 5-year fixed-rate at the big five banks above 4%.
  • Despite many still having lower pre-approved rate offers (from before the latest hikes), the median single-family sale price in the first three weeks of April was significantly lower than in the first three weeks of February.

Real estate market stock

Aslan Alphan/iStock via Getty Images

Busy Week!!! Where to start!?

Let’s start with the most widely held and highly leveraged asset globally, housing.

In the past few months, bond prices have dumped (spiking their yields) to discount for a whopping 3% of central

This article was written by

Danielle Park, CFA profile picture
Portfolio Manager, financial analyst, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog:www.jugglingdynamite.com Danielle worked as an attorney until 1997 when she was recruited to work for an international securities firm. A Chartered Financial Analyst (CFA), she now helps to manage millions for some of Canada's wealthiest families as a Portfolio Manager and analyst at the independent investment counsel firm she co-founded Venable Park Investment Counsel Inc. www.venablepark.com. For two decades, Danielle has been writing, speaking and educating industry professionals and investors on the risks and realities of investment behaviors. A member of the internationally recognized CFA Institute, Toronto Society of Financial Analysts, and the Law Society of Upper Canada. Danielle is also an avid health and fitness buff.

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Comments (2)

The median detached home in Toronto is 1.3m ....All of a suden I'm feeling poor!
U Hate Me profile picture
Hopefully the same starts to happen soon here in the USA as well.
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