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Wealth
Real Estate

One of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache Overnight

House hunters from Toronto to small Ontario suburbs are changing how they navigate the tight housing landscape with interest rates heading higher.

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Housing Demand to Stay Strong, Says Realtor.com

One of the world’s bubbliest housing markets is tilting from sellers to buyers with dizzying speed. 

A string of central bank interest rate hikes has flipped the switch on Canada’s white-hot real estate market, spurring the first national home price decline in two years. That has both buyers and sellers in some of the frothiest pockets scrambling as they try to navigate an unusually rapid shift in the country’s housing landscape.