15 Dec Royal LePage: Canada’s national aggregate home price forecast to rise 10.5% by the end of 2022
TORONTO, ON, December 15, 2021 – Following more than a year of record price appreciation across the country, Canadian home values are expected to rise strongly again in 2022, however at a slower pace compared to 2021.
Key highlights include:
- Canada’s national aggregate home price forecast to rise 10.5% by the end of 2022.
- Omicron variant emergence may extend period of unusually strong real estate markets.
- The GTA is the only region where condominium price appreciation is forecast to outpace that of detached homes; prices expected to rise 12.0% year-over-year in 2022.
- Greater regions of Toronto and Vancouver forecast to see highest aggregate price appreciation at 11.0% and 10.5%, respectively.
- Detached home prices in Halifax expected to rise 10.5%, followed by the Greater Montreal Area and Ottawa (9.0%).
- Housing markets are expected to be unusually active through the winter season.
Read the Royal LePage full national release with regional insights and view the Royal LePage 2022 Market Survey Forecast Price Table