Canada Housing Market Outlook to 2027

RE/MAX Canada launches chapter one of Unlocking the Future: 5 Year Outlook Report in partnership with CIBC and The Conference Board of Canada

This series of reports, done in collaboration with relevant area experts, will be issued through 2022 and will leverage specific “what if” scenarios related to economic policy decisions, climate change, the future of on-premise work and technology, and how they may impact the housing market in Canada

The Canada housing market reflects more than just a commodity or an investment that is measured month-over-month or quarter-over-quarter. And while it is a key economic indicator, the vast majority of existing and prospective homeowners see their home as a long-term financial, as well as emotional, investment.

5-Year Housing Market Outlook

Unlocking the Future, Chapter One examines economic scenarios across interest rates, immigration policy and taxation, in cooperation with Benjamin Tal, Deputy Chief Economist and Jamie Golombek, Managing Director, Tax and Estate Planning, CIBC; and The Conference Board of Canada. This chapter concludes, with caveats, that despite economic headwinds, the housing market in Canada is more stable than many perceive and is likely to sustain stability over the next five years. Though housing prices in Canada will likely remain expensive, price growth may be less extreme than that experienced in the last three years.

• RE/MAX Canada launches chapter one of Unlocking the Future: 5 Year Outlook Report in partnership with CIBC and The Conference Board of Canada
• This series of reports, done in collaboration with relevant area experts, will be issued through 2022 and will leverage specific “what if” scenarios related to economic policy decisions, climate change, the future of on-premise work and technology, and how they may impact the housing market in Canada

The Canada housing market reflects more than just a commodity or an investment that is measured month-over-month or quarter-over-quarter. And while it is a key economic indicator, the vast majority of existing and prospective homeowners see their home as a long-term financial, as well as emotional, investment.

5-Year Housing Market Outlook

Unlocking the Future, Chapter One examines economic scenarios across interest rates, immigration policy and taxation, in cooperation with Benjamin Tal, Deputy Chief Economist and Jamie Golombek, Managing Director, Tax and Estate Planning, CIBC; and The Conference Board of Canada. This chapter concludes, with caveats, that despite economic headwinds, the housing market in Canada is more stable than many perceive and is likely to sustain stability over the next five years. Though housing prices in Canada will likely remain expensive, price growth may be less extreme than that experienced in the last three years.

(Retrieved from blog.remax.ca)