Re/Max Canada president Christopher Alexander said many markets are experiencing softer sales given the recent interest rate hikes.
“However, the current lull in the market is only temporary. Until housing supply increases, these ‘boom’ and ‘bust’ cycles will likely be a recurring event.”Article content However, the drop in prices in the final months of 2022 isn’t expected to be universal. The report said seven out of the 30 markets analyzed are likely to experience modest price appreciation between 1.5 and seven per cent.
The report follows a move by the Canadian Real Estate Association earlier this month to cut its forecast for home sales this year and lower its expectations for price growth.
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Re/Max report expects home prices to decrease 2.2 per cent this fallA report by Re/Max Canada forecasts the national average home sale price in Canada will fall 2.2 per cent in the final months of the year. With the interest rates so high I don't think it'll male a difference Now I might be able to afford a place to starve to death. other people expecting much more, but of course the people that make money off of selling homes are expecting a very small decrease as to try and get people to buy and sell. hmm
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Real estate: Re/Max report expects home prices to decrease this fall - BNN BloombergA report by Re/Max Canada forecasts the national average home sale price in Canada will fall 2.2 per cent in the final months of the year. 😂2.2% Never buying a property in decline economy...people bankrupt....wait 7 years...market reverse....buy cheap 2006-2007 credit market goes down.....bankruptcy, foreclosure....wait 2013...market rebound I bought couples propertys in 2013....original owner paid $180 000 got it in shortsale for $45 000...in WestPalmBeach....with $1can=$1USD
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Home prices to decrease 2.2% this fall: Re/Max reportA report by Re/Max Canada forecasts the national average home sale price in Canada will fall 2.2 per cent in the final months of the year.
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Home prices to decrease 2.2% this fall: Re/Max reportA report by Re/Max Canada forecasts the national average home sale price in Canada will fall 2.2 per cent in the final months of the year.
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Home prices to decrease 2.2 per cent this fall, Re/Max report forecastsA report by Re/Max Canada forecasts the national average home sale price in Canada will fall 2.2 per cent in the final months of the year.
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