This year will likely see the weakest sales year for Canada’s housing market since 2001 as affordability challenges continue to weigh on homebuying activity, according to a new report.
In its latest provincial housing market outlook, TD Economics said the “poorest affordability backdrop” since the late 1980s and early 1990s would probably have a significant impact on the market this year, although it also indicated that the months-long decline in home sales would likely end at some point in early 2023. # SANDIHALPERN# REAL ESTATE # SOLD # LEASED # SALES
