Robert Kavcic, senior economist with BMO Capital Markets, said softer job markets, new listings on the housing market and a restrictive mortgage market are all working against the housing market this fall.
On the flip side, he added, the market strengthened overnight when the central bank paused its rate hikes in the spring . In his opinion, the pause could give buyers more confidence psychologically, but the financing is not nearly as cheap as it was back in the spring.
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