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In addition, the province of Ontario's Fair Housing Plan set in place stricter rent controls and 16 measures to help combat the growth of the real estate market . [34] These remedies coincided with a slight dip in housing prices in 2017 [35] which some believed was the beginning of a housing crash. [36]
Housing prices have been increasing for the past decade, with median home values soaring to record highs in 2021. While the market has cooled slightly, high mortgage rates and low inventory have ...
National Association of Realtors (NAR) chief economist Lawrence Yun detailed, in a 2023 forecast, that housing inventory is expected to remain tight in 2023, with housing starts below historical ...
Not that long ago, the housing market was on fire. "Prices for homes were at astronomical highs just two years ago, brought on by serious demand from buyers and historically low inventory," said...
“A crash happens with oversupply,” Yun says. “A 30 percent decrease will not happen, because there isn’t enough inventory.” He believes the housing supply will balance out within five years.
The housing market in Greater Toronto took another hit in September as buyers adjust to higher borrowing rates. Home sales in the month sank 44.1%, according to the latest TRREB data
Is the housing market going to crash? Housing experts do not think so. While there is certainly some economic uncertainty swirling right now, most experts believe that the housing market will not ...
If you’re waiting for a housing market crash, or a correction in prices that will make your dream home more affordable, the data shows you’re not alone. Single-family home sales in September ...