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RE/MAX Holdings, Inc. (RMAX) shares are sliding more than 15 percent on Tuesday morning trade after RE/Max Canada expects a softening fall housing market across the country.
A new report forecasts Canada's real estate market will be softer this fall with average home prices predicted to remain flat.
In its fall market outlook released Tuesday, Re/Max Canada says it expects the average sale price of a home in Ottawa to drop to about $712,697 by the end of 2023, down two per cent from $727,242 at the end of July.
Canada's housing market is expected to stall in the fall amid a lack of inventory and ongoing uncertainty around the central bank's interest rates, according to Re/Max.
VANCOUVER - One of the few unionized Starbucks stores in British Columbia is closing at the end of September.