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VREP #378 | Will Canadian Real Estate Prices Drop in the Second Half of 2023? With Royal LePage President Phil Soper

Vancouver Real Estate Podcast

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The Upside to the Housing Market

We had anticipated that the down side, when the bank catages started raising interest rates and the incredible overshooting of the market. We thought it would take longer for four prices to recover. And we were off. It actually ended the year up, you know, maybe up 12%. That's 2020. 2021, we forecast like a bumper crop, but we didn't expect 25 and 30% price increases. The hottest city in the country in volume turns out to be Calgary after, gosh, six years of the doldrums.

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