Canadian Housing market- Outlook for 2023

Sunday, November 5, 2023

canadian housing

The Canadian housing market in 2023 is expected to see a continuation of the trends from recent years. High demand for housing in major cities, coupled with limited supply, is likely to result in continued price growth in urban areas. However, there may be some relief in the form of increased housing developments and government policies aimed at increasing supply. The impact of the COVID-19 pandemic on the market is also expected to gradually diminish. Overall, while the market may continue to present challenges for buyers, there may also be opportunities for investors in certain areas.

Cities like Calgary, Edmonton, Halifax etc are estimated to continue their strong housing market despite increase in the interest rates

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