Amid a fluctuating economic environment, RE/MAX Canada examined how key economic and transactional trends are likely to impact Canadian homebuyers and sellers, the real estate industry and the broader economy in 2023.
Among those who may be interested in buying/selling in 2023, the housing market moderating and regaining balance is the greatest cause for optimism.
- 25% of Canadians are concerned about the lack of affordable housing in their community.
- 66% of Canadians believe that addressing the affordability and supply crisis should be among the most important priorities for governments across the country.
- 41% of Canadians feel that removing zoning and development red tape is a key measure to improve housing supply and something they hope will continue to expand.