Ontario and British Columbia headed for a buyer's market, RBC says

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The report by RBC says 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.Sign up to receive daily headline news from the Ottawa SUN, 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.

Sales in Vancouver, Victoria, the Fraser Valley, Toronto, Ottawa, Hamilton, London and Niagara are now seeing a ratio of sales to listings close to 0.40, which Hogue calls the threshold where buyers have more “sway on prices.” Home sales and prices have fallen this year as rising interest rates have increased the cost of borrowing for Canadians.

The country’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.

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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.
Источник: CHEK_News - 🏆 59. / 55 Прочитайте больше »

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
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Ontario and British Columbia headed for a buyer's market, RBC saysTORONTO — High interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by 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. In the report, Robert Hogue, assistant chief economist for RBC, said nationwide real estate conditions look reasonably stable with sales-to-new list
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

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…
Источник: VancouverSun - 🏆 49. / 61 Прочитайте больше »

Ontario and British Columbia headed for a buyer's market, RBC saysConditions in these provinces continue to favour buyers as opposed to sellers. Ha, I'll believe it when I see it. Times looking good 📉📈🎯 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.
Источник: VancouverSun - 🏆 49. / 61 Прочитайте больше »

Ontario and British Columbia headed for a buyer's market, RBC saysHigh interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by RBC says. Already there... Just in time for 400,000 immigrants and more money fleeing China. I’m sure the kids will def be able to own now.
Источник: CTVNews - 🏆 1. / 99 Прочитайте больше »