NOW is the turning point for Real Estate - Royal LePage Report

A new Royal LePage Canadian Market Survey Forecast indicates that after this first quarter of 2023, the downslide in the value of home prices in Canada will stop going down and start going up again. In most big cities, condos are expected to go up in price the most. The primary reasons given for this being the turning point for the price corrections is the long term housing supply shortage that is still a problem, and demand from buyers that have been able to buy a new home, and want to buy a new home, but have been sitting on the sidelines waiting to see what happens with the market.