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Where do experts say the housing market is heading?

Afra Al Basti

What rates, supply and demand mean for buyers and sellers this year.

Aerial view of a suburban neighbourhood

Most forecasts agree on one thing: the market is moving more slowly than at its peak, which gives buyers more time to decide and more room to negotiate.

Interest rates remain the biggest factor in what people can afford, while the shortage of new homes keeps prices steady in popular areas.

For sellers, presentation and realistic pricing matter more than ever. For buyers, a pre-approval and a clear wish list are the best way to move when the right home appears.