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.
On Thursday, April 16 at 1 p.m. ET, real estate reporters Carolyn Ireland and Shane Dingman and personal finance reporters Erica Alini and Salmaan Farooqui will be answering reader questions on the state of the real estate market.
Will new homebuyers feel more confident in the spring? Is it better to get a fixed rate or variable mortgage? How is the situation in the Middle East impacting the market? Submit your questions now.
Have a question about Canada's real estate market? Submit it to our reporters
On Thursday, April 16 at 1 p.m. ET, real estate reporters Carolyn Ireland and Shane Dingman and personal finance reporters Erica Alini and Salmaan Farooqui will be answering reader questions on the state of the real estate market. Leave your question in the form below, or send an e-mail to audience@globeandmail.com.
