RE/MAX Escarpment Realty Inc.

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Ancaster

Downtown Hamilton

Dundas

Flamborough

Glanbrook

Hamilton Mountain

Stoney Creek

West Burlington

East Hamilton

West Hamilton

Josh Purdon

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PROPERTIES

What kind of effects does the recent hike in Canada's interest rate have?

<p>The value of Canadian real estate has risen significantly in recent years and is likely to continue doing so. Long-term property value growth is unlikely. Investors who can't handle the real estate market's ups and downs or who must sell in a down market may lose money. Oxford experts predict a 24% home market correction within two years, despite Canada's "historic" housing bubble. However, pre-pandemic house prices are now 50% higher. Long-term, the housing market rises, like the stock market. Consult a real estate specialist to evaluate if now is a good time to buy a property or if you should wait till the market collapses. A real estate agent isn't an oracle, but they can tell you if local prices will rise or fall. Making your initial investment when the market is low will help you make a profit.</p>

Why Should You Invest in Real Estate in Canada in 2022?