housing market

If you've been thinking about getting on the property ladder and buying a home in Canada, 2023 might be a good year to finally go for it.

In a new report by TD Canada, financial analysts are predicting that house prices in Canada will "bottom out" before the year is through.

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While most house prices in Canada have recently taken a hit thanks to rising interest rates and fluctuating demand, the most expensive properties in the country are not experiencing the same roller coaster.

According to a report by real estate company Engel & Völkers, the ultra-luxury housing market has been largely unaffected by these factors over the last year and has, instead, seen major price increases across the board.

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The Canadian housing market has been on a major upward trend over the last few years. Buying a house in Canada is requiring more and more money. But why?

To understand what is going on, Narcity sat down with real estate expert and realtor Trish MacKenzie to understand what exactly is making the Canadian housing market so high.

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Purchasing real estate in Canada is an intimidating situation, especially for first-time buyers. But, what does the future of the Canadian housing market look like over the next five years?

While property costs are at an all-time high, a lot of Canadians are still interested in finding a place to call their own. But, with such a hard-to-predict market, planning for the future, or even for right now, can be a bit difficult.

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