The slowdown won’t change anything for the majority

Vancouver, Toronto, Calgary

2022/08/12

In Q2 2022, in Canada, the median price of single-family homes ↑ 20% yearly, while condo’s ↑ 14%.RBC anticipates a 20% correction in the country over 2023. As interest rates rise, prices fall to compensate. For the vast majority of owners, it won't change anything, and they will just be a little less rich on paper.