The real estate journey has been a rollercoaster—from pandemic twists to the chaos of 2022 and the mysteries of 2023 with rising rates and home prices. Let's break it down. 🏡🔍
"First up, immigration—it's a big deal for housing."
More folks are moving in, and we need places for them to live. Canada's welcoming a ton of newcomers, and that demand could keep the real estate market buzzing.
"Now, let's talk the current state of the job market."
A bit of unemployment might actually help. Weird, right? But if it nudges the Bank of Canada to stop hiking rates, it could give the market a breather without causing foreclosures.
"Here's the deal with interest rates—it affects what you can afford."
If the government hits pause on raising interest rates, it could mean good news. Rates staying put could boost your buying power, making it easier to snag a home.
"Global stuff matters—like avoiding crazy oil prices."
Staying steady on the global front, especially with oil prices, could mean a smoother ride for real estate. Less turbulence in costs means good news for everyone.
"More money in your pocket—let's talk about it."
As more people get raises and bonuses, they can afford more. If that keeps happening, home prices might keep climbing. It's all about keeping up with the cost of living.
"No surprise rules, please!"
A nice bonus would be no sudden rule changes. Keeping things stable on the regulatory front could mean the real estate value keeps on going up without any crazy disruptions.
‍
First-timer or seasoned homeowner, we've got your back. Â Your next move is just a chat away!
.jpg)
604-262-3500
info@getflowmortgage.ca