Is a Buyers Market coming soon?
Posted by Stephen Foster on
Little change in the housing market this Spring could mean a potential Buyers Market
The Canadian real estate sector displayed minimal fluctuations in March 2024, with both home sales and prices maintaining a steady course. Transactions documented through Canadian MLS systems experienced a marginal uptick of 0.5 percent compared to the previous month, yet remained below the ten-year average.
Similarly, the MLS Home Price Index (HPI) demonstrated marginal movement, dipping by 0.3 percent month-over-month. Analysts suggest that the current landscape, characterized by elevated interest rates and speculation regarding potential rate adjustments, may be influencing market dynamics.
Canadian consumers appear financially strained, potentially…
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