Data
The trend would likely continue during the first half of 2023, but would reverse in the second half according to BNP Paribas Real Estate Germany.
Demand for refinancing dropped 16.3% from two weeks earlier and was down 87% from the same period in 2021.
The law provides exceptions for home purchases by immigrants and permanent residents of Canada who are not citizens.
Bank Halifax predicts prices will drop by 8% this year, although this drop would not be enough to wipe away all the gains made in recent years.