Re/Max Canada's president says word of interest rate pauses appeared to shift buyers into high gear as early as January with many seeking to purchase before rate-holds expired.
House prices in Canada have been sweeping upward with inflation for at least a year, but a downturn is finally in the cards. RE/MAX Canada is predicting more than half of urban housing markets across the country to balance in 2023 with average residential prices decreasing by around 3%. Some cities are forecasted to see average residential sale prices drop as much as 15%. Quebec is projected to fall toward the tail end of positive housing trends, but some property types will benefit.
/CNW/ RE/MAX brokers and agents are anticipating the national average residential sale price in Canada to decline 2.2 per cent in the final months of the.
/CNW/ Demand for Canadian luxury properties shifted into high-gear from coast to coast in 2021 as both domestic and non-resident consumption of tangible.