June 2023

National Real Estate Market Update for 2023

Posted on Jun 04, 2023



There’s an old adage in real estate: location, location, location. But ever since the Bank of Canada began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates.

Higher rates had the immediate impact of cooling homebuyer affordability and demand. But when the Bank of...

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