Declining housing prices lead to 'balanced' markets from Clarington to Pickering | inDurham

With housing prices steadily declining in Canada this year – with higher interest rates and a saturated market ripe for adjustment contributing factors – the housing sector went from a seller’s market in 2021 to a balanced market in most Ontario cities. An SNLR under 40 per cent suggests a buyer’s market where new listings outweigh and buyers have more options An SNLR between 40 per cent and 60 per cent is a balanced market where demand and supply are balanced

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