The federal government is already enacting a two-year ban on foreign investors by Jan. 1
The company failed to file accurate financial statements, the regulator alleges
Weaker consumer spending is expected ahead
CannTrust has since renamed itself Phoena Holdings and exited creditor protection in March
Sellers can hold out for better market conditions: BMO
Housing affordability will not improve due to rising interest rates
Detached home prices down 10% year over year, condos up 3%
CREA lowers expectations for home sales and price growth for 2022
More declines from recent highs are likely, but prices should remain above pre-pandemic levels
Much of the cooldown has been attributed to rising interest rates