Canada's housing market, after a nearly 20% price drop since 2022, shows signs of stabilizing, especially for single-family homes, while condos remain oversupplied. Government measures like tax breaks on new homes aim to boost demand. However, economic uncertainties, including inflation, interest rate fluctuations, and global conflicts, continue to affect market predictability. Prices may decline further by 5-10%, with affordability and buyer hesitation persisting.
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