Canada's housing market is slowing. Sales volume is down a third and average prices have dropped 10%. Several factors are blamed, including the Bank of Canada's interest rate hikes. Although CREA tries to put a positive spin on the data, suggesting things might be getting better, the reality is listings are sitting longer and price reductions are happening.
If a market slowdown doesn't excite you, and you are considering your options, contact us to see how we can help!