Canada’s housing market will return to balance in 2023, real estate company forecasts

As 2023 approaches, real estate company Re/Max Canada predicts a return to a more balanced housing market after a few years of instability.

Brett Chang, co-host of The Peak Daily, reminds audiences that a “balanced” housing market most likely refers to a return to 2019 prices after two years of steeply inflated prices. Partially affected by interest rates, Re/Max says the wildcard is what interest rates will do. (something seems missing or off about this last sentence?),

Even though steep declines are forecasted for the markets of Greater Vancouver, Kelowna, and Toronto, there are also predictions of price growth in Alberta and parts of Atlantic Canada.

Global News’ Anne Gaviola joins Chang to talk more about housing, Bank of Canada’s historic first loss and the decline of single-use plastic ahead of the year-end ban.

For more info, please go to

Subscribe to Global News Channel HERE:
Like Global News on Facebook HERE:
Follow Global News on Twitter HERE:
Follow Global News on Instagram HERE:
#GlobalNews #ThePeak

Donate to Breeze of Joy Foundation

Global NewsX

Global NewsX is a news sharing website that offers a wide range of categories, from politics and business to entertainment and sports. With its easy-to-navigate interface, users can quickly find the news they are looking for and stay up-to-date on the latest global events. Whether you're interested in breaking news, in-depth analysis, or just want to stay informed, Global NewsX has got you covered.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.