After the “frenzy” if 2021 and a “big peak and valley’ in 2022, the president of Re/Max Canada tells Global News that next year could see “balance” return to the national housing market.
But Christopher Alexander says how high the Bank of Canada drives interest rates, and when it pauses or returns to more normal steps in its policy rate, will determine when homebuyers and sellers alike feel comfortable getting back into the market.
“That’s the big wild card,” he says.
To read more on the forecast conversation click here!
View the following recently prepared by Re/Max:
Canadian Housing Market Shifting Into Balance in 2023
Canadian Real Estate Outlook (2023)
Greater Vancouver Area Housing Market Outlook
Scroll through the 4 page pdf below to compare market activity trends for different cities across Canada.