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RBC predicts housing market activity peak in spring and prices drop in 2023

According to RBC Assistant Chief Economist Robert Hogue, Canada’s real estate market will see its activity peak in spring, following a record run. In a recent report, Hogue says the residential housing market will probably reach its peak this spring, as the central bank’s...
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Ontario will allow home sellers to disclose how much buyers offer for the same property

The Ontario government is allowing home sellers to disclose the details of competing offers. However, blind bidding is still not banned. According to Minister of government and consumer services Ross Romano, sellers will decide whether they want to “choose an open offer process”. “Sellers...
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Canada’s real estate market shows signs of cooling due to interest rate hikes

Last month, Canadian home sales reported their largest decrease since June as growing interest rates started cooling the red-hot housing market. According to the recent report by the Canadian Real Estate Association (CREA), national home sales were down by 5.4% in March on a...
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Happy Passover! Happy Easter!

Happy Passover! Happy Easter!
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Possible interest rate increases could pose “significant headwinds” for real estate market

According to Macquarie Group Head of Economics David Doyle, Canada’s real estate market will face “significant headwinds” in case the central bank really raises its key lending rate by another 1.5%. On Thursday, Doyle said if the Bank of Canada decides to increase its...
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