Canada's real estate market is taking another hit as condominium sales are showing signs of slowing across most of the nation's major markets, according to a new report from Re/Max.showed condo sales falling in all but two of Canada's seven largest markets, as strong sales between May and August of this year were still no match for 2022's year-to-date sales.
Various factors impacted the range in sales including higher borrowing costs seen in B.C. cities and Ottawa, as well as interprovincial migration to Alberta where buyers were enticed by the lower cost of living.
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