Canada’s housing market will return to balance in 2023, Re/Max forecasts

Global News published this video item, entitled “Canada’s housing market will return to balance in 2023, Re/Max forecasts” – below is their description.

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 https://readthepeak.com/shows/the-peak-daily

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc

Like Global News on Facebook HERE: http://bit.ly/255GMJQ

Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt

Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB

#GlobalNews #ThePeak

Global News YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - Global News

Global News is the news and current affairs division of the Canadian Global Television Network, based in Vancouver, Canada.

Recent from Global News:

Impact inflation, living costs have on birth rates and canadians on parental leave 1

Impact inflation, living costs have on birth rates and Canadians on parental leave

Construction of EV battery plant in Quebec temporarily halted following criticism

Ukrainian armour becomes battle-scarred art exhibit as Russia-Ukraine war rages on

In This Story: Canada

Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

2 Recent Items: Canada

Impact inflation, living costs have on birth rates and Canadians on parental leave

Global National: Jan. 19, 2024 | Health data shows influenza, COVID-19 cases decreasing in Canada

In This Story: Toronto

Toronto, the capital of the province of Ontario, is a major Canadian city along Lake Ontario’s northwestern shore. It’s a dynamic metropolis with a core of soaring skyscrapers, all dwarfed by the iconic, free-standing CN Tower.

1 Recent Items: Toronto

Cindy Ali: Toronto woman acquitted of murdering teen daughter with cerebral palsy at retrial

In This Story: Vancouver

Vancouver, a bustling west coast seaport in British Columbia, is among Canada’s densest cities. A popular filming location, it’s surrounded by mountains, and also has thriving art, theatre and music scenes.

2 Recent Items: Vancouver

Coyotes @ Canucks 1/18 | NHL Highlights 2024

Brian Boucher joins; Stamkos’ future, Flyer’s momentum, Reinhart’s emergence, Trophy Tracker

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.