Real Estate Blog - real estate forecast

Canada’s Real Estate Industry Had Forecast Slow Price Growth In 2022, But Not Anymore

Posted by Teri-Lynn Jones on December 22nd, 2021

Canada’s real estate industry is ratcheting up expectations for next year. The Canadian Real Estate Association (CREA) is forecasting huge growth for the average home price in 2022. Just six months ago, they had been expecting the boom in 2021 to be followed by slow growth. Now in a market flooded with easy money, they see 12x the rate of growth previously forecast in the summer. 

Canadian Real Estate Prices Are Forecast To Rise 8% In 2022

The latest CREA forecast shows huge growth next year, slow only in contrast to 2021. Canada’s average sale price is forecast to hit $739,495 in 2022, up 7.6% from the previous year. They also see big gains in Ontario (+11.5%), New Brunswick (+11.4%), and Nova Scotia (+11.+2%). BC underperforms at…

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