# Real estate industry loses faith in housing

> Real estate industry doubts housing as investment after decade of falling prices.
- Title: Real estate industry loses faith in housing · Financialpost
- Summary: Real estate industry doubts housing as investment after decade of falling prices. Canadian real estate industry believes housing won't be a good investment…
- Keywords: canadian real estate association, real estate industry, housing prices, home sales, real estate market, housing investment, money, business, Real, estate, industry, loses
- Source: Financialpost — https://financialpost.com/real-estate/garry-marr-real-estate-industry-losing-faith-in-housing
- Read time: 1 min
- Topics: canadian real estate association, real estate industry, housing prices, home sales, real estate market, housing investment, money, business
## Real estate industry sentiment
Real estate industry sentiment toward homeownership is at its lowest point in 25 years.
## Real estate industry leaders
Steve Saretsky, founder of Vancouver-based Saretsky Group, says housing won't be a good investment in 10 years.
## Housing prices declining
Canadian home prices fell 1.6% in September from the same month last year, down from $824,192 at peak in 2022.
## Sales numbers dropping
Canadian real estate sales fell to 450,000 annualized in Q3, half of 2021 peak sales of 775,000.
## Real estate association data
Canadian Real Estate Association represents 155,000 realtors, down from 160,000 a year ago.
## Housing investment outlook
Real estate industry believes housing won't beat inflation in 10 years, making it a poor investment.
## Key takeaway

Canadian real estate industry believes housing won't be a good investment in 10 years due to falling prices and low sales.