Real Estate Blog - balanced market

Selling Under Balanced Market Conditions

Posted by Infinity Admin on March 7th, 2023

Here is something you may not have heard in a while: the Canadian real estate market is inching closer to balanced market conditions.

That’s right. After the buying frenzy in 2020 and 2021, Canada’s housing sector significantly cooled off in 2022, driven by the Bank of Canada (BoC) raising interest rates, which resulted in market uncertainty and many prospective buyers sitting on the sidelines. This allowed for overheating real estate market to get doused by eliminating the easy money era of the last few years.

Of course, one of the primary developments in all of this has been the shift away from the red-hot seller’s market.

According to the RE/MAX Canadian Real Estate Outlook 2023 report, 60 per cent of regions in the…

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Mortgage Trends to Watch for in 2023

Posted by Infinity Admin on February 6th, 2023

It’s looking like we’re going to be seeing similar real estate trends in 2023 compared to last year.

Following a year defined by market highs and lows, experts are forecasting a gradual return to a more balanced market towards the end of 2023. However, with inflation remaining more or less unchanged at the tail-end of 2022, last year’s trend of diminished purchasing power seems likely to persist.

As for what that means for mortgage lending, Shaun Cathcart, Senior Economist at the Canadian Real Estate Association (CREA), predicts primary-based mortgage payments will continue to rise dramatically until the Bank of Canada (BoC) reaches its terminal rate. 

Variable rate mortgages will hit their ‘trigger rate’

“The ‘terminal rate’ as it’s…

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What is a Balanced Market?

Posted by Infinity Admin on January 21st, 2023

Over the last few years, home sellers have had the upper hand. But with Canadian housing market conditions expected to shift this year, you may be wondering, what is a balanced market? Let’s explore recent history, and what this recent change means for you.

At the height of the market during the pandemic, many Canadian cities experienced skyrocketing home prices, from single-family residential properties in major urban centres to townhomes in rural communities. In the process, prospective homeowners also had to endure intense bidding wars, causing some buyers to ditch conventional homebuying best practices, including home inspections. During this time, the Canadian real estate market transformed into a seller’s paradise…

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