EXPERT EVALUATION
"Canadians are understandably hesitant to engage in the market early in 2023. Despite this, more Canadians see real estate as a solid long-term investment when compared to this time last year. Governments must collaborate to address supply challenges, to make home ownership feasible for those who want it"
CHRISTOPHER ALEXANDER, PRESIDENT
RE/MAX CANADA
Canadian Consumer Trends
We surveyed Canadians for their sentiments on the 2022 housing market, and their expectations for 2023.
- 73%
of Canadians believe home ownership is the best long-term investment they can make. This is up from 49% in 2021.
- HOMEOWNERS
(84%) and more affluent households (79%) are more likely to agree that home ownership is the best investment.
- 50%
of Canadians are aware of home price forecasts. 51% of them said varying forecasts make them more confused or worried.
- National Average Price expected to decrease 3.3%
- 55% of regions to shift to balanced of buyer's markets
Current economic conditions will help markets across Canada become more balanced particularly cities like Vancouver and Toronto.
Real Estate remains a prudent way to invest your money.
Obtain an expert opinion from a professional who has the ability to strategically approach your objective.
Stan van Woerkens
Stanvanwoerkens@gmail.com - 604-306-2550