Early Predictions for the 2023 Ontario Real Estate MarketPosted by Dan Plowman on
Ontario’s real estate market has historically been very strong, with housing prices increasing steadily over the years. As likely an echo of the pandemic, 2022 saw the market reach new heights, in favour of sellers. However, early predictions for the year ahead see different trends—and that could be great news for potential buyers.
Housing Prices: The Drop
Although it is still quite early, Durham Region housing prices are expected to drop. Coming off another great increase last year, this is great news for buyers—especially young people trying to purchase their first home.
But how much are prices expected to go down? If you’re expecting a large decrease, well unfortunately things don’t seem to be there just yet! While 2022 saw average home…
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