TORONTO — After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate.
The average home price is still above pre-pandemic levels, but increasing mortgage rates and inflationary pressures are weighing on the market. "That said, we still believe home prices will end 2023 above pre-pandemic levels nationally and in all 10 provinces." Much of the shift is attributable to mortgage rates, which mirror fluctuations in interests rates and can eat into buying power.
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Canada's real estate market is cooling. Here's what to expect this fallAfter fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. We can expect Blackrock, the financial arm of the WEF to scoop up foreclosures and we will be on the path of owning nothing and being happy about it! You guys might want to stay away from comments from realtors. They have an incentive to get people to buy now. Housing market in a free fall. Wait till February and reassess then
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Canada's real estate market is cooling. Here's what to expect this fallAfter fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It's welcome news for prospective buyers hoping for a better price. But as the busy fall season nears, realtors and economists are at odds over how long the pricing slide will last and how low it will go.
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Canada’s real estate market is cooling. Here’s what to expect this fallThe average home price is still above pre-pandemic levels, but increasing mortgage rates and inflationary pressures are weighing on the market All the very best 💖 for its success 👍
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