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The Latest in Mortgage News: Canadians Divided Over Home Price Expectations
Author:
Steve Huebl
Publication date:
January 3, 2022
Article Summary:
The Angus Reid survey reveals that Canadians are divided on the future of home prices, with 40% hoping for continued price increases, 39% hoping for a market downturn to enter the market, and 21% hoping for stable prices. RBC's housing affordability measure has reached its worst level in 31 years, with a 2% increase to 47.5% in Q3 2022. The Canadian Real Estate Association has forecasted a 7.6% growth rate in home prices for 2022, following a 20% growth rate in 2021. Ontario's Housing Affordability Task Force is expected to reveal recommendations early this year to tackle the province's deteriorating housing supply and affordability situation.
Keywords:
housing affordability, housing market, home prices, Canadian Real Estate Association, Angus Reid, RBC, and interest rates.
Source Citation:
Steve Huebl
The Latest in Mortgage News: Canadians Divided Over Home Price Expectations
January 3, 2022
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