If the 2019 housing market could be summed up in one word, it would be “rebound” – most of Canada's major urban markets saw sustained improvement in sales and price growth in the second half of the year.
The last few months of national, provincial and municipal housing stats suggest there is a slump in housing sales. Is this the bursting of the housing bubble? Or is it simply because real estate is expensive?
Fifty-two per cent of single Canadians said economic uncertainty and expensive home prices are the biggest factors in their decision not to purchase a home, according to a recent Re/Max survey conducted by Leger.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
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