What will the housing market look like in 2022?

Momentum carries into 2022 with forecast growth of 3.9 percent with ongoing rotation toward services-oriented demand from domestic consumers and tourists, and higher business investment. Housing is forecast to drag on growth following last year’s surge.”

What is the real estate market like in BC in 2022?

A new report said real estate sales in B.C. are expected to jump 29 per cent to more than 120,000 units this year, compared with 94,000 in 2020. Jonathan Hayward / The Canadian Press Home prices are expected to rise in 2022, but sales will take a dip, according to new data from the BC Real Estate Association.

Will home sales drop 17 per cent in 2022?

Residential property sales are forecast to drop 17 per cent in 2022 after a year of record highs, said the B.C. Real Estate Association (BCREA) Wednesday — and that, projects the realtor advocacy group, will only lead to even higher housing prices. Strong home sales are expected to continue over the first few months of 2022.

How much will home sales rise in Canada in 2023?

The forecast from Central 1, the financial services partner for 250 credit unions across Canada, predicts B.C. home sales will leap 37 per cent this year but slip 21 per cent next year and a further 3.7 per cent in 2023. Photo by Reuters