RE/MAX Housing Market Outlook For 2022

Based on the available data, RE/MAX's housing market outlook for 2022 is positive - with a prediction of a 9.2% rise in residential housing prices. This is based on two major factors:

• High rates of inter-provincial migration in many regions.
• A continuing shortage in housing supply.

  Confidence in the market remains high, with 49 percent of Canadians believing it will hold steady in 2022, and that real estate remains one of their best investment options.

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Read the full report here

Insights for Ontario

Continued price growth is expected to hold steady across the province, with the largest increases expected in smaller markets such as Collingwood (10% increase) and Muskoka (20%). This is credited to high levels of intra-province migration. In larger cities, the prospect of increased immigration levels is predicted to fuel price growth in municipalities like Brampton (8% increase), Toronto (10%) and Mississauga (12%).   Other key statistics from RE/MAX's report include:

• 23% of Canadians have a greater desire to build their own home or buy pre-construction
• 26% of Canadians want to buy homes while mortgage rates remain low.
• 72% of Canadians said that rising home prices did not affect their purchasing decisions in 2021
• 43% of Canadians trust their agent to advise them through the current real estate landscape.

 

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.