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Pre-construction house purchases come with risks

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Higher interest rates have had a chilling effect on Canada's housing market - prices are down nearly 15 per cent since they peaked in early 2022.

And that's leaving buyers who purchased pre-construction homes a couple of years ago in an uncomfortable position.

Anne Gaviola has more on what homebuyers should keep in mind in an unpredictable market.

For more info, please go to https://globalnews.ca/news/9370291/canada-housing-market-outlook-2023/
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Category
U.S. & Canada
Tags
global news, Preconstruction, Risks of buying Preconstruction homes
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