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.
You are welcome to read the full article by clicking the following link: https://blog.remax.ca/collingwood-housing-market-outlook/
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