RBC poll shows mix of optimism and uncertainty about Canada's housing market

Canadians are more optimistic about the housing market in 2023, according to new poll from RBC, but many are unsure about whether it‘s the right time to make a purchase.

 "There has been a big shift in Canadians' sentiment around the housing market, including an increase in uncertainty around where the market is today," Nick Palucci, senior director of home equity financing at RBC, said in a news release on Tuesday.

"But spring is typically a busy home buying season and many potential homebuyers may be seeing a window of opportunity opening for them."

Results from RBC’s annual Home Ownership Poll, published Tuesday show 40 per cent of Canadians expect to pay less for a home in 2023. However, it also showed uncertainty among Canadians about the current housing market. Twenty-five per cent of people said they are unsure about the type of market Canada is in, while 18 per cent “don't know whether now is a great time to buy.”