The report released Thursday said those purchasing real estate in Ontario and B.C. in 2023 will hold a stronger hand as conditions in these provinces continue to favour buyers as opposed to sellers., said nationwide real estate conditions look reasonably stable with sales-to-new listings in "balanced territory."
He noted that this is especially the case across many markets in Ontario and B.C., which are beginning to operate outside of the balanced territory. Property values also fell in Toronto and Vancouver, as Hogue said the trend towards reversing some of the outsized price gains will likely continue in the short term.Sales in many of these markets have slumped to their lowest levels in a decade, aside from during the pandemic, Hogue said.
So the house market is going to go from extremely over priced to very overpriced.
Prices will skyrocket in mid 2023 - no supply vs mass immigration.
No it’s not 🤣 youre about to hit a wall of epic proportions. Everyone’s broke!
Just in time for 400,000 immigrants and more money fleeing China. I’m sure the kids will def be able to own now.
Already there...
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British Columbia and Ontario headed for a buyer's market, RBC saysA new report says high interest rates will continue to hold back homebuyers into the new year except in British Columbia and Ontario.
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Ontario and British Columbia headed for a buyer's market, RBC says - BNN BloombergA new report says high interest rates will continue to hold back homebuyers into the new year except in Ontario and British Columbia. Lots of that cash is coming from illegal sources, laundering narcotics proceeds etc. Also, there's an initiative to just displace Canadians, buy houses leave em empty causing social distress. Housing is a fraud riddled market that's completely ignored as a fault. I hope this will lower my property tax
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Ontario and British Columbia headed for a buyer's market, RBC saysA new report says high interest rates will continue to hold back homebuyers into the new year except in Ontario and British Columbia. Hahaha. where is the link to the report Maybe…
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Ontario, B.C. headed for buyer’s market despite high interest rates: RBC housing report | Globalnews.caCanada's big banks have raised their interest rates as the Bank of Canada has raised its key interest rate seven times since March in an effort to bring inflation under control. That headline doesn’t make sense 😂, higher rates lead to lower prices
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