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Regret Sets in for Some as Housing Markets Slow Down

Source: Tara Deschamps The Canadian Press, Global News, May 19, 2022

“Many of those buyers are faced with the option of moving forward or upping and walking.”

A wave of buyer’s remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months.

The country experienced a 25.7 per cent drop in the number of homes sold over the last year and a 3.8 per cent slide in housing prices between March and April, the Canadian Real Estate Association said Monday. The average home price last month totalled $741,517.

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