Bring it Home | 2023 Canadian Housing Market Outlook, Buying a House on a Single Income, & How Much Does it Cost to Stage a Home!

Amid rising interest rates and a looming recession, RE/MAX Canada is anticipating a modest decline of 3.3% in average residential sales prices across the country in 2023. [RE/MAX]( December 29, 2022 2023 Canadian Housing Market Outlook Amid rising interest rates and a looming recession, RE/MAX Canada is anticipating a modest decline of 3.3% in average residential sales prices across the country in 2023. In sharp contrast to 2022, 60% of regions analyzed will likely shift to more balanced market conditions next year – a trend that’s already starting to materialize due to current economic conditions. # [LEARN MORE]( Buying a House on a Single Income The number of Canadians buying a home on a single income is increasing. They rely on only one salary and one credit profile, so getting a mortgage can be trickier. However, there are circumstances where buying a home on a single income is a wise move – and it is possible if you plan ahead and are in a good financial position. [LEARN MORE]( What Does ‘Sold Over Asking’ Mean? The term “sold over asking” means a home sold for a value higher than the listing price. In some cases, the seller might under-price a home to create more competition. In others, prices may be inflated in a hot market, due to low supply and high demand. Here’s what you need to know. [LEARN MORE]( How Much Does it Cost to Stage a Home? Staging a home involves creating spaces that are furnished just enough that potential buyers can envision themselves (and their stuff!) living there. Home staging can reduce the time a listing spends on the market and increase the number of potential buyers, and may even yield higher offers. So, how much does it cost to stage a home? Here’s an estimated breakdown. [LEARN MORE]( We're always here to help. Whether you are looking for a trusted professional to help guide you through the buying, selling or renting process or are ready to dive in and start looking at listings, it's all just a click away. [FIND THE RIGHT AGENT FOR YOU]( [EXPLORE THE LATEST LISTINGS]( [facebook link]( [instagram link]( [twitter link]( [youtube link]( RE/MAX Canada 639 Queen St W Toronto, ON M5V 2B7 905-542-2400 340-1060 Manhattan Drive Kelowna, BC V1Y 9X9 250-860-3628 [TERMS OF SERVICE]( | [PRIVACY NOTICE]( | [UNSUBSCRIBE]( | [VIEW EMAIL ONLINE]( Each office independently owned and operated.