A new report predicts average home sale prices will fall 3.3% next year with the biggest declines expected in Ontario and Western Canada.
The report by Re/Max Canada made the forecast using surveys of brokers and agents from across the country. Home prices in Canada have fallen this year as the real estate market has cooled amid higher interest rates that have increased the cost of mortgages for borrowers.As the Canadian national soccer teams head to their respective FIFA World Cups, Derek Van Diest is on the scene to cover all the action.
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