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Real Estate News

TD economist outlines what the future holds

”That report indicated little prospect of an overall housing market meltdown, noting that home prices are likely to grow modestly after 2023’s first quarter with “some recovery” expected in national housing demand.”

”Indeed, far from a crash, what’s in store for Canada’s housing market is best described as a “recalibration,” the author’s report, economist Rishi Sondhi (pictured top) told Canadian Mortgage Professional.”

” Another noteworthy housing market trend this year has been that prices did not fall in Quebec between February and May, Sondhi said – something of a surprise, considering that affordability deteriorated there to a significant degree (although not as much as in Ontario and BC).”

Read the full article Will there be a Canada housing market crash? published on the Canadian Mortgage Professional website written by Fergal McAlinden

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