Spring housing market predictions and what SVB’s collapse means for rates: This week’s top real estate stories

Canadian home sales are up slightly as prices continue to fall in Februaryin a potential sign that buyers are adjusting to higher interest rates, reports Rachelle Younglai.

The Home Price Index, which adjusts for pricing volatility, reached $704,300 last month, a 1.

, and the drop is actually worse once inflation is factored in. In real, or inflation-adjusted terms, national house prices have fallen nearly $168,000, a more-than-19-per-cent decline.Zoon MediaHome of the Week, 530 Crescent Rd. NW CalgaryHome of the Week, 530 Crescent Rd. NW CalgaryHome of the Week, 530 Crescent Rd. NW CalgaryHome of the Week, 530 Crescent Rd. NW CalgaryHome of the Week, 530 Crescent Rd. NW CalgaryHome of the Week, 530 Crescent Rd. NW CalgaryHome of the Week, 530 Crescent Rd.

On the very back of the house is a screened-in back deck and an office workspace. Sitting in the office, you can turn around and look straight through to the front terrace and beyond. “The idea was, wherever you are, you have a view to the downtown,” the owner said.

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Wave of sidelined homebuyers plan to return to the market this spring: report - BNN BloombergMany Canadian homebuyers were sidelined after interest rates climbed to the highest level in more than a decade last year, but a new report found most individuals that postponed their housing dreams are planning to return to the market. Yes, a report released by a brokerage 🤣 'A report released on Thursday by Royal LePage found about a quarter of Canadians (24 per cent) said they were looking to buy a new home' Let’s ignore all the demand and “investors” that got pulled forward! Utter nonsense.
Source: BNNBloomberg - 🏆 83. / 50 Read more »