Canada’s real estate market is an enigma at the best of times. Naysayers have been waiting for a crash for more than a decade, pointing to markets around the world as examples of the inevitable doom waiting just over the horizon for house-hungry Canadians.
So you can forgive buyers and sellers for the twitch they’ve developed every time the conversation turns to real estate. And this is the time of year the talk gets loudest, with spring just around the corner and thoughts of cashing out on existing homes sets in like a fever.
Here are five things about where the market seems to be at the moment.
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