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Ontario and British Columbia Headed for a Buyer’s Market, RBC Says

Started by Epoch-Times-Bot, Dec 16, 2022, 03:00 PM

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Epoch-Times-Bot

Dec 16, 2022, 03:00 PM
Ontario and British Columbia Headed for a Buyer's Market, RBC Says

High interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by RBC says.
The report released Thursday said those purchasing real estate in Ontario and B.C. in 2023 will hold a stronger hand as conditions in these provinces continue to favour buyers as opposed to sellers.
In the report, Robert Hogue, assistant chief economist for RBC, said nationwide real estate conditions look reasonably stable with sales-to-new listings in “balanced territory.”
“The number of homes changing hands is running below pre-pandemic levels in most regions of the country,” Hogue said....

Source: Ontario and British Columbia Headed for a Buyer's Market, RBC Says

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