Homebuyers Hope ‘Patience Pays Off’ as Prices Drop, Recession Predictions Loom

[Epoch-Times-Bot]

Homebuyers Hope 'Patience Pays Off' as Prices Drop, Recession Predictions Loom

Andrew Hamilton and his wife bid farewell to their home in Toronto’s Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky.
With no available homes meeting their needs or price range, the couple opted to temporarily use the equity they got from selling their house on a rental property in Etobicoke.
But they still have one eye on the market and are hoping the current cool-down will deepen enough for them to snag another home.
“Patience, I think, will pay off,” said Hamilton.
His sentiments are common throughout the sector, especially with prospective buyers, who have lamented the torrid pace Canada’s real estate market has moved at in recent years....

Source: Homebuyers Hope 'Patience Pays Off' as Prices Drop, Recession Predictions Loom

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