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Records from Canada's housing agency show bureaucrats expected a muted impact from the foreign buyer ban and prepped to receive 'tough questions' about it from the public.
A total of 2,454 condos changed hands in the capital between January and the end of August, down from 2,964 in the same period in 2022, Re/Max said in its annual condominium report released Tuesday.
Higher interest rates and economic uncertainty are hitting the condo market, says new Re/Max Canada report. Find out more
‘The cost of living is out of control.’
'The drop in sales forecast in the report is a result of low inventory, but the demand for housing remains,' says realtor John Carter.