Real Estate Experts Predict Slight Drop in Canadian Home Prices Amidst Market Shifts

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The experts cite a number of factors, including rising interest rates, stricter mortgage rules, and an oversupply of homes on the market. While the expected drop is relatively small, at just 1%, it represents a notable change in the market, which has been marked by rapidly rising home prices in recent years. The panel suggests that this is a good time for prospective buyers to enter the market, but caution that those who are already in the market may face challenges when it comes time to sell.

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