Ontario and British Columbia headed for a buyer's market, 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.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

He noted that this is especially the case across many markets in Ontario and B.C., which are beginning to operate outside of the balanced territory. 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.

He said that the price correction is largely a result of overshooting earlier in the pandemic, where local buyers were met with a sharp decline in affordable property.On the other hand, the report said housing markets in the Prairies remain fairly robust with resales in Calgary, Edmonton, Saskatoon and Regina remaining well above pre-pandemic levels.

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.

Times looking good 📉📈🎯

Ha, I'll believe it when I see it.

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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.
مصدر: CHEK_News - 🏆 59. / 55 اقرأ أكثر »

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
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

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…
مصدر: VancouverSun - 🏆 49. / 61 اقرأ أكثر »

Ontario, B.C. headed for buyer’s market despite high interest rates: RBC housing report | Globalnews.caCanada's big banks have raised their interest rates as the Bank of Canada has raised its key interest rate seven times since March in an effort to bring inflation under control. That headline doesn’t make sense 😂, higher rates lead to lower prices
مصدر: GlobalNational - 🏆 81. / 51 اقرأ أكثر »