Oxford Economics predicts more real estate prices to decline in the Canadian markets.  Canada is only halfway through the housing correction, and firms might want prices to be cut in half.  The firm’s baseline scenario forecasts a 30% drop in total from peak to trough.  Even with home prices declining, homes in Toronto and Vancouver remain unaffordable.  Regina will decrease by 10.7%, and Calgary by 11.8%. The upside scenario is that inflation will cool off, household incomes will increase, and GDP will rise by 0.4%.