Canadian housing market to cool down in 2022, Royal LePage



increased by 25 per cent year-over-year last spring, creating bidding wars in cottage country and major urban centres. However, one of Canada’s largest real estate firms is predicting a cool-down in the housing .

Royal LePage estimates will only climb 16 per cent in the fourth quarter of 2021, pushing the average home price nationally to $771,000, before cooling further in 2022.

But experts say a structural housing shortage will keep high even as the cools. Anne Gaviola reports.

Home prices increased by 25 per cent year-over-year last spring, creating bidding wars in cottage country and major urban centres. However, one of Canada’s largest real estate firms is predicting a cool-down in the housing market. Anne Gaviola reports.

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housing market to cool