Hey there, homebuyers and real estate enthusiasts! 🏠 Are you curious about what's in store for the housing market for the rest of 2023? Well, we've got the scoop for you! 📰🔍

So, summer might be winding down, but don't think for a second that the housing market is following suit. According to none other than Lauren Haw, the broker of record and industry relations officer at Zoocasa, the real action is just about to begin once fall kicks in! 🍁

Despite a little dip in national home sales (0.7% monthly decline, to be exact) in July, things are looking up. That slight slowdown actually allowed new listings to catch up and return to healthier levels, as pointed out in Zoocasa's recent report. 📊🏡

Lauren explains that there's a pattern to this real estate dance 💃. Spring and fall are like the two hottest seasons for home buying – think of them as the MVPs of the real estate calendar! 🌷🍂 And guess what? After the summer break, buyers (yes, investors and homebuyers alike) are coming back with a fresh burst of energy and determination. 💪🌟

But here's the scoop on the sellers' side of things. Lauren predicts that sellers might not be as gung-ho as the buyers. 😅 With a bit of uncertainty about interest rates and a relatively quiet summer in the media, it seems like sellers are planning to wait and see how things unfold in September. 📅🤔

Oh, and there's something else to consider: Bill C-18, also known as the Online News Act. This little game-changer might actually have a bigger impact on the housing market than you'd think. This legislation could limit the information Canadians get from platforms like Facebook and Instagram. 📰❌ And less info could mean more hesitation among sellers – a heads up from Zoocasa! 🚫🏠

Don't worry, though. If the demand is there, the sellers will eventually make their move, but they might want to wait until they sense that renewed interest. 😉💼

Now, let's talk about the infamous inventory challenge. Zoocasa's analysis points out that even though new listings in July were catching up to 2022 levels in various markets, the inventory issue won't vanish overnight. 📈🏡

Cities with a strong student presence, like Guelph, Kitchener-Waterloo, and Kingston, are feeling the pressure due to rising immigration and more international students. 🌍🎓 And guess what can help ease this situation? Yep, you guessed it – more sellers stepping back into the arena! 🌟🛍️

Lauren's got some wisdom to share about this low supply situation. She believes that the ongoing scarcity of homes will keep prices stable enough to give some sellers a boost of confidence. And brace yourselves, because new listings are projected to hit their peak around October! 📈🎉

So there you have it, folks! A glimpse into what's cooking in the housing market for the remainder of 2023. 🏠📅 Remember, this insight is from an article published on August 30, 2023, in CMP magazine.

Stay tuned, stay savvy, and let's see how this real estate rollercoaster unfolds! 🎢📈📉

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