Re/Max predicts home prices will drop 2.2% this fall

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Re/Max predicts home prices will drop 2.2% this fall
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Re/Max report predicts home prices will drop 2.2% this fall — via financialpost RealEstate News Economy

The network of real estate brokers and agents says the moderation in the market for the September-to-December period comes amid rising interest rates, record inflation and broader global and economic uncertainties.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Re/Max Canada president Christopher Alexander says many markets are experiencing softer sales given recent interest rate hikes, providing some reprieve from the unprecedented demand and unsustainable price increases across Canada through 2021 and in early 2022.

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