DARRYL DYCK/The Canadian Press
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The real estate situation is changing in Canada, but are prospective homebuyers ready to get back into the market?
Tariffs, world events and other economic uncertainties have had Canadians reluctant to make the move on buying or selling a home, and investors have largely pulled out of the preconstruction condo market, causing demand and prices to plummet.
Ontario announced it was extending the full HST rebate for new homes under $1-million to repeat buyers and some investors in an effort to revitalize the market, and the fear of a financial meltdown from homeowners facing high pandemic-era mortgages hasn’t materialized yet.
Real estate reporters Carolyn Ireland and Shane Dingman and personal finance reporters Erica Alini and Salmaan Farooqui answered reader questions on the state of the real estate market. Head to the comments to read their responses.
