Condo market poised to follow fall of detached home prices, says realtor

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“A lot of investors are opting to actually hit the sell button and I think that we’ll see maybe a little bit more pressure on the inventory side in 2023,” he said. Another thing to keep an eye on in 2023 is the pre-sale market. Those who have entered a pre-sale agreement during the pandemic will have to qualify at a stress test of seven and a half per cent, Saretsky said.Article content

why wouldn't it?

They went up way too high especially in the GTA area. This is just a correction

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The end of greedflation, Canadian stocks to watch and a 2023 condo boom: Must-read business and investing storiesPlus, how do you personal finances compare to your peers? 'Greedflation' is such a fatuous term. Businesses have always been greedy. They exist for the profit motive and yet, they are vilified for it. Inflation is really the result of too much money in the system chasing too few goods and services.
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