Is 2023 the Year Housing Prices Finally Hit Bottom?
Monday Jan 23rd, 2023
ShareThe answer is YES, according to the TD bank (1). Rishi Sondhi, a TD economist believes that there will be another hike in interest rates in January and then a pause which will coincide with home prices and sales hitting the floor. Prices could fall as much as 20% from their highs of 2022. As of December, the Canadian Real Estate Association has reported that the average price of a home in Canada has declined by 12%. Although prices are... [read more]
