Some highlights from McLean's Real Estate Outlook for 2023

According to a recent McLean's article, Desjardin and TD don't think the home prices will go down much further and values will stay more expensive than pre-covid. One thing they mentioned that I have been eluding to over the past 6 months is that massive Canadian immigration will put pressure on supply. All signs point to this in turn increasing demand and having prices rise again. When that will be, no one knows for sure. The article also suggests that rent will continue to rise, pointing out that the number of renters across the country is growing faster than owners.