Canadian real estate market forecasts and trends for the next five years

The real estate landscape is constantly changing and it is impossible to predict what will happen in the next five years. Financial factors, such as interest rates, and buyer behavior are the main indicators experts rely on to make predictions. Interest rates have been on the rise since the start of 2022 and this has not slowed down buyers. There is also a worrying lack of available inventory, especially in areas with high populations. These factors will have a negative effect on the market and will make it harder for people to purchase property and renew mortgages.