Canadian Housing Market Outlook Fall 2022
Posted by Leah Ambler on
RE/MAX Canada Network expects Canadian housing market prices to decrease 2.2 per cent this fall
- RE/MAX brokers and agents anticipate prices in the Canadian housing market to ease by 2.2 per cent this fall, due to high inflation, rising interest rates and economic uncertainty
- Rising interest rates have prompted 44 per cent of Canadians to temporarily shelf their home-buying aspirations, while 34 per cent say they won’t hold on purchasing a home for the foreseeable future
- Recession worries have impelled 41 per cent of Canadians to wait to purchase/sell their home in fall 2022
Toronto, ON and Kelowna, BC, September 28, 2022 – RE/MAX brokers and agents are anticipating the national average residential sale price in the Canadian housing…
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