RE/MAX 5-Year Market Outlook

As the first chapter of the Unlocking The Future series, RE/MAX's 5-year market outlook features the following key points:

• Interest rate increases at a steady rate of four times a year will create a stable housing market.
• A shift in immigration policies to better align with Canada's labor market demands could be useful in addressing housing supply issues, specifically through allowing the entrance of more construction workers into the country.
• Removal of the exemption on capital gains taxes for principal residences would do more to cause market disruption than the foreign buyers' taxes that many cities and municipalities have implemented.

  Other key statistics from RE/MAX's report include:

• 37% of Canadians said that their preferred home would be in a suburban community, with 30% saying it would be urban environment and 27% saying a rural one.
• Taxation was listed as Canadians' biggest worry when buying a new home, with 50% of respondants saying as much. Rising interest rates (46%) and an economic recession (42%) rounded out the top three.
• 61% of Canadians said that real estate remains the best long-term investment.

 

Read the full report here

 

For a deeper dive into the 2022 housing market outlook for specific municipalities, click the links below:

Toronto

Oakville

Mississauga

Collingwood

Barrie

Durham Region

Niagara Region

Burlington

Hamilton

Kitchener-Waterloo

Brampton

York Region London Muskoka Peterborough - Kawartha Lakes Kingston

This guide is for general informational purposes and does not constitute legal, financial, or tax advice. Every situation is different — always consult a licensed real estate professional, lawyer, and tax advisor before making any decisions.

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For personalized advice on your specific Toronto buying or selling situation, contact Frank Merigliano and the VIP Condos Toronto team directly:

• Phone: 416-885-0172

• Email: frank@vipcondostoronto.net

• Web: www.VIPCondosToronto.net

Frank Merigliano, Team Leader / Sales Representative, VIP Condos Toronto, RE/MAX PREMIER INTERNATIONAL INC., Brokerage — licensed since 1993, with RE/MAX since 1995, and a Top 50 RE/MAX team in Canada since 2015.