Global News: Housing market ‘balance’ could return in 2023, but interest rates the ‘wildcard’: Re/Max


After the “frenzy” of 2021 and a “big peak and valley” in 2022, the president of Re/Max Canada tells Global News that next year could see “balance” return to the national housing market. But Christopher Alexander says how high the Bank of Canada drives interest rates, and when it pauses or returns to more normal steps in its policy rate, will determine when homebuyers and sellers alike feel comfortable getting back into the market. “That’s the big wild card,” he says.

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