Amid rising interest rates and a looming recession, RE/MAX is anticipating a modest decline of 3.3% in average residential sales price across the Canadian housing market in 2023.
In sharp contrast to 2022, 60% of regions analyzed are expected to experience balanced market conditions in 2023 – a trend that’s already materializing due to current economic conditions.
Housing market conditions can change quickly, and they often do. If you’re planning to buy or sell a home in 2023, stay up to speed on the latest trends and listings as they become available.
Your GO TO Team remains available to provide additional information and to meet all your real estate needs. Please call, text or email us today!