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After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It's welcome news for prospective buyers hoping for a better price. But as the busy fall season nears, realtors and economists are at odds over how long the pricing slide will last and how low it will go.
After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It's welcome news for prospective buyers hoping for a better price. But as the busy fall season nears, realtors and economists are at odds over how long the pricing slide will last and how low it will go.
Realtors, economists at odds over how long pricing slide will last and how low it will go
Analysis: ‘Buyers don’t know whether to purchase yet. And sellers don’t know if they should sell for less.’
Average monthly rents in the Greater Toronto Area (GTA) increased 19 per cent year over year in June.