RE/MAX Canada released its 2023 Industry Trends Report, which examines economic and transactional trends affecting homebuyers and sellers.
Market research firm Leger surveyed 1,554 Canadians for the report between Jan. 20-22.
Almost one-third of respondents (32%) are optimistic about the real estate market moderating and regaining balance this year.
- The top concern regarding home buying or selling this year was the rising cost of living and inflation (34%), followed by the lack of affordable housing options (25%) and rising rent (25%).
- Two-thirds of respondents believe addressing the affordability and supply crisis should be the top priority of governments.
- Almost one in two (47%) said they use technology in their transactions, proving the increasing importance of proptech.
