Affordability may become an even bigger issue as housing starts lag immigration numbers
Average price down 15%, new listings down 44% year over year
Other firms are rushing to set up back-office systems and internal procedures for the account
Affected owners have until Oct. 31 to file or pay before incurring interest and penalties
Sales rose 2.5% month over month, average home costs $662,437: CREA
However, worst-case scenario would only wipe out pandemic gains, report says
But “renewed price growth” forecast in 2023
The account is set to be a planning powerhouse for advisors
Feds' effort to improve housing affordability is hurting broader property market
Higher rates weigh on demand, lower lumber prices cut construction costs