Canadian Housing Market Softening this Fall Due to Inventory, Interest Rates
RE/MAX CANADA NETWORK EXPECTS RESIDENTIAL SALE PRICES TO REMAIN FLAT THIS FALL
While Canada grapples with the highest interest rates it’s seen in decades, RE/MAX Canada brokers and agents across the country are reporting that both the interest rate climate and lack of inventory are likely to result in a softer market this fall. The national average residential sale price across all home types is expected to remain flat, with no change anticipated between now and the end of the year.