2022 proved to be a rocky year for Canadian real estate. Between a looming recession, rising interest rates and challenges around capital availability, homebuyers and sellers from coast to coast experienced disruption. Yet with a trend towards cooling prices and tighter monetary policies set to slow the pace and pressure of recent years, the outlook for 2023 is one of both hope and caution.
This work explores the cultural context and influential trends set to shape the real estate and housing landscape in Canada in the year ahead. Through six key themes, we explore how people’s attitudes and values toward buying, owning, and selling homes are shifting and what these themes mean for real estate agents.
Courtesy RE/MAX Canada