Escape clauses, creative conditions – real estate agents are changing the game plan in a hesitant market

by Carolyn Ireland

BMO economist Robert Kavcic says sluggish economic and job market conditions are contributing to a slump in the condo market.

Improving sales, elevated inventory and flat prices are combining to create a stable real estate market across Canada, but some common factors appear to be dampening the enthusiasm of buyers in many regions.

Robert Kavcic, senior economist at Bank of Montreal, points to sluggish economic and job market conditions, the Bank of Canada on hold, and mortgage rates hovering above levels that might spark strong demand.

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