What are the predictions for Canada's real estate market this spring?

📆 22.03.2023 21:30:00
📰 CTVNews

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The Canadian real estate market has been sluggish since last year, when prospective buyers started putting off plans to purchase homes as the Bank of Canada aggressively hiked interest rates eight consecutive times. But realtors see many edging toward a purchase once more.

With two kids under the age of six living in a two-bedroom, one-bathroom household, Jacquelin Forsey and her husband have long known it would only be a matter of time before their family outgrew their beloved home.

The market has been sluggish since last year, when prospective buyers started putting off plans to purchase homes as the Bank of Canada aggressively hiked interest rates eight consecutive times. "We've started getting calls where buyers are just like 'I think I'll just adjust what I want, but I don't want to miss my opportunity."

Over in Vancouver, Coldwell Banker Prestige Realty agent Tirajeh Mazaheri has also seen a resurgence in buyers. February's new listings totalled 51,366, down 26 per cent from a year ago, the Canadian Real Estate Association recently revealed. On a seasonally-adjusted basis, they hit 57,535, down nearly eight per cent from January.

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Landlords kick out tenants party

Vancouver, Victoria, Toronto....expensive. Winnipeg, Prince Albert, Regina...not expensive.

Why are you asking? Why do you not just tell us what you want us to believe. FAKE news.

The wealthy will buy your cottages and you will own nothing and be happy .

Real Estate agents will try to con you!

Total collapse?

I am going to predict that my house value will continue to increase. The same as it has done for the past 25 years.

We need to double the amount of immigrants to keep home prices high and wages low. The top 1% needs this to make money off the backs of the poor

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