Posthaste: Luxury real estate enters buyer's market as prices come back down to reality

  • 📰 financialpost
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 85%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Canada\u0027s luxury real estate market cooled significantly last year, setting 2023 up for a buyer\u0027s market as prices come down. Read more.

cooled significantly last year, setting 2023 up for a buyer’s market across much of the country as prices come down.Article contentSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

But buyers won’t be deterred for much longer. As inflation slowed at the end of the year, the appetite for homes became harder to ignore — just in time for the market to shift in favour of buyers. That means prices will ease because sellers have adjusted to the new realities of the market, Sotheby’s said.

“Prices will shift to meet current realities,” Kottick said. “This will start to unlock long-awaited opportunities for buyers and upsizers to purchase homes that meet their lifestyle needs as they acclimatize to the market.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Posthaste: Luxury real estate enters buyer's market as prices come back down to realityCanada\u0027s luxury real estate market cooled significantly last year, setting 2023 up for a buyer\u0027s market as prices come down. Read more.
Source: nationalpost - 🏆 10. / 80 Read more »