Royal Bank of Canada’s regulatory filings for the second quarter of 2021 contain most of what you’d expect, including several best-case/worst-case scenarios that help the banking giant illustrate how much risk the company is exposed to.
It can make for pretty bland reading, but there’s usually a hint of spice when it comes to projecting the worst possible outcome for real estate. And RBC hasn’t disappointed in that area — by saying home prices in Canada could fall by a massive 30 per cent, under certain conditions.
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