What do Canadians think about the housing market in 2022?

So when it comes to 2022 housing market predictions in Canada, we surveyed to determine what they think will happen and how it’s impacting their decision to buy — or not. An overwhelming majority of 83% think that house prices will continue to rise in 2022, and 66% agree that the average cost of a home in their city is out of reach.

What is Canada Mortgage & Housing Corporation (CMHC) doing in 2022 & 2023?

Throughout 2022 and 2023, Canada Mortgage and Housing Corporation (CMHC) will be publishing a series of reports to help deepen its understanding of housing supply challenges in Canada and to ultimately inform better policies and decision making.

How did Canada's economy perform in the first half of 2022?

In the first half of 2022, Canada’s economic activity grew 3.2% (annualized rate), a slowdown from the near 6% rate of the second half of 2021. Monthly economic indicators suggest the economy slowed further in the third quarter.

What will be the economic outlook for 2022?

The growth in prices, sales levels and housing starts are expected to moderate from recent highs but remain elevated in 2022. Improving levels of employment and immigration, as pandemic restrictions continue to recede, are expected to be key factors.