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

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A new report says high interest rates will continue to hold back homebuyers into the new year except in Ontario and British Columbia.

The Daily Chase: Markets point to a negative open; Twitter suspends several journalistsMortgage stress tests unchanged amid housing headwindsCanadian Real Estate Association reports home sales down in NovemberThe Daily Chase: U.S.

Fed rate hike weighs on investor sentiment; TC restarts part of KeystoneDespite recession fears, tourist spending is expected to grow in 2023The Daily Chase: Awaiting U.S.

 

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I hope this will lower my property tax

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.

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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.
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Ontario, B.C. headed for buyer’s market despite high interest rates: RBC housing report | Globalnews.caCanada'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. That headline doesn’t make sense 😂, higher rates lead to lower prices
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