Canadian Home Prices to Rise in 2022
According to the CREA (The Canadian Real Estate Association), looming interest rate increases and continued housing supply shortages are predicted to push home prices to rise in 2022. Rise by how much? Experts predict a rise of more than 9% throughout Canada, with provinces like BC potentially seeing even greater numbers due to an increased limited housing supply and high demand fueled by Canada’s ambitious immigration policy. The new Immigration Levels Plan aims to welcome 411,000 immigrants in 2022, and an additional 421,000 in 2023. Vancouver is one of Canada’s main beneficiaries of immigration, hence a strong demand for housing in the lower mainland.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.