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

York Region London Muskoka Peterborough - Kawartha Lakes Kingston

Have questions?

Want to know more about RE/MAX 5-Year Market Outlook? Send me a message and I'll get back to you within 24 hours.

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.

York Region London Muskoka Peterborough - Kawartha Lakes Kingston

Have questions?

Want to know more about RE/MAX 5-Year Market Outlook? Send me a message and I'll get back to you within 24 hours.