Average home prices are still 5.3% higher than they were in June 2021, and benchmark home prices are a significant 17.9% higher than they were only one year ago.
Consumers saw interest rates and inflation continue to rise, creating more balanced market conditions. However, as purchasers adjust to the increase in borrowing costs later this year, demand for housing will continue, supported by strong employment numbers, immigration to major urban centres and record-high savings....READ MORE