Canadian real estate prices expected to rise 9.2% in 2022: RE/MAX
Despite the global pandemic, many Canadians still feel confident in the real estate market. According to a Leger survey conducted on behalf of RE/MAX Canada, 49 per cent of respondents believe Canadian real estate will remain one of their best investment options in 2022 (59 per cent of homeowners vs. 34 per cent non-homeowners which included renters, those not looking buy, and those currently looking to purchase). Additionally, 49 per cent of respondents are confident the Canadian real estate market will remain steady next year.
Best neighbourhoods to buy a house in Toronto
For investors, almost anywhere you buy real estate in Toronto is going to offer you a lot of value. Due to the very high prices in the city, a lot of the population rents, meaning that if you plan to buy for rental purposes, you will have no shortage of tenants. Different renters are drawn to different areas with areas like the Annex, Baldwin Village, and the Bay St. Line popular with students, while families like to settle in areas like Riverdale and Leslieville. Finally, areas close to the developed downtown can fetch high rents from young professionals who work in the city.
Two industry experts forecast their predictions for 2022
Zonda’s chief economist and NAHB’s assistant vice president of forecasting and analysis weigh in on the economy, home buyers, supply, and prices.
