“2023 is likely to mark the weakest sales year since 2001,” Sondhi said in the note.
It won’t be until 2024 that things truly turn around for the housing market. TD expects both sales and average home prices to post gains next year once the economic picture clears, with prices rising 3.9 per cent and sales growing 18.9 per cent on average nationally.
With interest rates expected to rise, you have to question how low is that bottom.
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