2022 CANADIAN HOUSING MARKET OUTLOOK

I thought that you may find the Re/Max Canada outlook for the housing market to be of some interest. This is what is expected of housing prices in various areas in Ontario over 2022.

Location                                           Increase in prices

Sault Ste. Marie                                          15%

Windsor                                                      9.5%

Thunder Bay                                               10%

Collingwood/ Georgian Bay                        9.5%

Sudbury                                                      5%

North Bay                                                    4%

Grand Bend                                                 7.5%

London                                                       10%  

Kitchener Waterloo                                     6%

Niagara                                                       14%

Hamilton                                                     16%

Burlington                                                   17%

Oakville                                                       7.5%  

Mississauga                                                14%

Brampton                                                    8%

Toronto                                                       10%

York Region                                                10%

Barrie                                                          15%

Muskoka                                                     20%

Durham Region                                          7%

Peterborough/ Kawartha Lakes                  10%

Kingston                                                     10%

Ottawa                                                         5%

This largest increase is anticipated to take place in cottage country in Muskoka at 20%. The Largest GTA increase is expected to be in Burlington at 17%.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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