Canada's home prices to fall almost 6% this year, CREA forecasts — via financialpost
and a shortage of homes in Canada have continued to pose challenges to potential homebuyers, leading to reduced activity levels as compared to early 2022.and rising interest rates. The 2023 market will depend on the timing and extent those factors move back in the other direction,” Shaun Cathcart, CREA’s senior economist, said in the report. “Demand for housing continues to grow and supply remains the biggest issue across the entire spectrum.
According to CREA’s forecast, there are expected to be 495,858 transactions via Canadian MLS Systems in 2023, a decrease of 0.5 per cent from 2022. “There is going to come a point when people can’t put their plans on hold anymore, or they look at buying as a more affordable option versus renting because rents are so high,” Alexander said. “Despite higher
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Davos 2023: Global recession seen likely in 2023 -WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting.
Read more »
Davos 2023: Global recession in 2023 seen as likely in WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting.
Read more »
Column: Oil prices expected to average around $90 in 2023-2027Brent oil prices are expected to remain around $90 per barrel throughout the next five years, according to my eighth annual survey of energy market professionals.
Read more »
An average 1,600 tech jobs have been axed every day of 2023 so farInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
What comes with an Amazon Canada Prime membership in 2023?Plus some of our favourite finds
Read more »
Dubai property price rises seen slowing further in 2023 - BetterhomesResidential property prices in Dubai are expected to rise at a slower pace in 2023 after a record year that saw a more than 60% increase in total units sold, according to one of the city's biggest real estate consultancies.
Read more »