{"id":22624,"date":"2023-10-03T10:10:00","date_gmt":"2023-10-03T17:10:00","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=22624"},"modified":"2023-09-21T10:33:11","modified_gmt":"2023-09-21T17:33:11","slug":"one-third-of-canadians-taking-a-wait-and-see-approach-amid-high-interest-rates","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2023\/10\/one-third-of-canadians-taking-a-wait-and-see-approach-amid-high-interest-rates\/","title":{"rendered":"One-Third of Canadians Taking A Wait-And-See Approach Amid High Interest Rates"},"content":{"rendered":"

A new report forecasts Canada’s real estate market will be softer this fall with average home prices predicted to remain flat.<\/p>\n

In its fall housing market outlook, Re\/Max Canada says the forecast comes as the housing market deals with high interest rates and a lack of homes for sale.<\/p>\n

According to an online survey, the report says 33% of Canadians who are interested in buying and\/or selling a home in the next 12 months will wait and see how interest rate changes play out before buying.<\/p>\n

Mortgage rates have risen sharply as the Bank of Canada has raised interest rates in an effort to bring inflation under control and back to its target of 2%.<\/p>\n

Bucking the overall trend, Re\/Max says there are a few outliers where home prices are expected to increase, including larger markets such as the Greater Toronto Area, Calgary and Sudbury, Ont.<\/p>\n

The online survey of 1,517 Canadians was done by Leger between July 21 and 23.<\/p>\n

The poll cannot be assigned a margin of error because online surveys are not considered truly random samples.<\/p>\n

Canadian Home Prices Forecasted to Be Flat This Fall Amid High Interest Rates<\/a> by The Canadian Press | BIV<\/p>\n","protected":false},"excerpt":{"rendered":"

A new report forecasts Canada’s real estate market will be softer this fall with average home prices predicted to remain flat. In its fall housing market outlook, Re\/Max Canada says … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-22624","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"\nOne-Third of Canadians Taking A Wait-And-See Approach Amid High Interest Rates • Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2023\/10\/one-third-of-canadians-taking-a-wait-and-see-approach-amid-high-interest-rates\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"One-Third of Canadians Taking A Wait-And-See Approach Amid High Interest Rates • Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"A new report forecasts Canada’s real estate market will be softer this fall with average home prices predicted to remain flat. 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