The Evolving Canadian Housing Market
In 2023, Canada's housing market is witnessing a paradigm shift. The first half of the year marked a downturn in home sales, subsequently affecting the issuance of new mortgages. However, the reduction in new mortgage activities didn't stall the growth of outstanding mortgage debt, especially in the uninsured sector. This scenario paints a picture of a market in transition, adapting to new economic realities.
Homeowner Preferences and Challenges
The landscap...