A Turning Point? More Sellers Enter Canada’s Housing Market In February
“Heading into the spring of 2022, mortgage charges have increased over a full percentage point and while purchase demand has cooled, it remains firm,” Khater continued. “Supply remains near record lows, so home value progress is anticipated to stay excessive via the spring homebuying season before cooling off later this year as mortgage charges proceed to rise.” Today’s rates are a lot higher than they’ve been in years, which is prone to have a number of knock-on penalties in the US housing market – though they’re unlikely to produce significant declines in housing prices. While shortly rising mortgage charges could dampen the sturdy housing demand somewhat, do not anticipate a halt to home value appreciation. The varied forecasts from experts present that 2022 will remain a sellers’ housing market, and residential values are anticipated to increase by double-digit share factors. The real estate market has emerged as a boon for …
