Listen "EP50- Canadian Election Impact on Housing Market."
Episode Synopsis
Send us a textThe recent Canadian federal election, which resulted in a Liberal victory, is expected to bring about policy changes aimed at addressing the country's housing crisis. While the government has a plan to increase housing supply, the impact will not be immediate. The market is anticipated to remain relatively flat or see slight price dips in 2025, with potential for moderate growth in 2026 if interest rates fall and the economy improves. Regional differences will persist, with more affordable areas like Alberta and the Prairies potentially seeing faster price growth. Buyers are advised not to expect significant price crashes but can benefit from increased supply and potentially lower rates. Sellers need to be realistic with pricing, and investors should monitor potential new regulations while noting continued strong rental demand.https://www.houseinbrampton.ca
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