TORONTO - High interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by RBC says.
“The number of homes changing hands is running below pre-pandemic levels in most regions of the country,” Hogue said. 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.
Are we surprised?🙃 it’s a “buyers market” cus the “prices are low” and the “interest is high” when in reality that means everyone is “selling cus their losing money” yet “nobody is buying cus their losing money”Then they wonder why AB isn’t flopping like the “progressives?”🤭hmm
LOL. No. With average home prices so much higher than the rest of Canada, and high interest rates on top, they’re obviously a long ways away from being a “buyer’s market”.
Nobody will be buying anything with high interest rates
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: CHEK_News - 🏆 59. / 55 Read more »
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
Source: BNNBloomberg - 🏆 83. / 50 Read more »
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…
Source: VancouverSun - 🏆 49. / 61 Read more »
Ontario and British Columbia headed for a buyer's market, RBC saysConditions in these provinces continue to favour buyers as opposed to sellers. Ha, I'll believe it when I see it. Times looking good 📉📈🎯 Everyone let's start a culture of destroying the terrible asking proces by underbidding. Things have gotten too out of hand due to greed and profiteering.
Source: VancouverSun - 🏆 49. / 61 Read more »
Ontario and British Columbia headed for a buyer's market, RBC saysHigh interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by RBC says. Already there... Just in time for 400,000 immigrants and more money fleeing China. I’m sure the kids will def be able to own now.
Source: CTVNews - 🏆 1. / 99 Read more »
Ontario and British Columbia headed for a buyer's market, RBC saysTORONTO — High interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by RBC says. 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. In the report, Robert Hogue, assistant chief economist for RBC, said nationwide real estate conditions look reasonably stable with sales-to-new list
Source: YahooFinanceCA - 🏆 47. / 63 Read more »