As we wrap up 2021, time to reflect, yet also look ahead for what 2022 will bring. This month, as we wind down this year, I am going to share a more national view of the real estate market and the key highlights of our new RE/MAX 2022 Canadian Housing Market Outlook report.
One of the top questions on many people’s minds is where are the prices heading in 2022? Well, the report states to expect a price increase of 9.2% in the residential housing market across Canada.
There has been a trend in inter-provincial migration, with many people relocating to other provinces within Canada, especially in the eastern provinces, where the price increases are expected to be in the double digits.
And the majority of regions surveyed (36 out of 38) expect we will remain in a seller’s market, where the months of inventory available for sale remain historically low, and the demand from buyers high. As the factors within each region vary, it’s always best to work with your trusted Realtor to understand the local conditions in your area.
More key highlights of the report can be found:
Canadian Real Estate Prices Expected to Rise 9.2% in 2022: RE/MAX
Oakville Office:
RE/MAX Escarpment Realty Inc., Brokerage
1320 Cornwall Road
Oakville, ON, Canada L6J 0H7
Hamilton Office:
RE/MAX Escarpment Realty Inc., Brokerage
1595 Upper James Street, Suite 101
Hamilton, ON, Canada L9B 0H7
The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner.
powered by WEBKITS