Homebuyers Hope ‘Patience Pays Off’ as Prices Drop, Recession Predictions Loom

Homebuyers Hope ‘Patience Pays Off’ as Prices Drop, Recession Predictions Loom
A new home is displayed for sale in Ottawa on July 14, 2020. Sean Kilpatrick/The Canadian Press
|Updated:
0:00
Andrew Hamilton and his wife bid farewell to their home in Toronto’s Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky.

With no available homes meeting their needs or price range, the couple opted to temporarily use the equity they got from selling their house on a rental property in Etobicoke.