What's in store for the housing market in Ontario in 2023 | CBC News

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The price of buying a home in Ontario dropped from its lofty heights over the past year, and the question for 2023 is whether the downward trend will continue.

After a big correction in 2022, real estate experts wonder how much further home prices will fall.

After a big correction in 2022, real estate experts wonder how much further home prices will fall
 

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Over a long enough time horizon, both the meteoric rise and the subsequent softening will just be blips on the graph slowly rising upwards.📈

We can only hope it does. For anyone who overspent buying a home these last five years, prepare for the loss. Values would have to drop by 50% before I started to care, and even then I wouldn't hit the panic button. Nor should anyone else. Markets bounce. Always have.

And still they are overvalued dumps.

A dump in Toronto 🇨🇦 is $1 MILLION . The masses can’t save $200,000 then hope to qualify for $800,000 mortgage at these rates. Ages 19-35 are doomed. Then these landlords extort them with $2800 for a 1 bedroom 📦 - this ban will do absolutely nothing.

Yeah because they hiked interest rates. It’s all about the monthly payment.

Hopefully the younger generation will force the dummkopf corrupt politicians to take the excessive greed out of the residential real-estate game. Most politicians have their fingers in the real estate game, friends, family and political buddies.

Plot twist. It’s because demand is down because no one wants to live in that liberal shithole of a city and prov.

Housing demand will increase for immigrants? What about the rest of Canadians? So much for helping the middle class.

With Trudeau importing 500,000+ more liberal voters this year...I highly doubt it.

The real question is. When are interest rates coming down? That is the only reason the price of houses came down. Those with a house will wait. Those without cannot afford the interest on a mortgage. Your dear leader and financier of media has made quite the mess.

Fucking let it crash Ridiculously inflated for years

As long as JustinTrudeau and cafreeland are alive and representing 🇨🇦, the downfall will continue

Attack on the middle class. Defund the cbc.

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