News Formal

Canada's red-hot housing market to lose steam in 2022, but affordability will only worsen

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

Analysts expect home price gains to slow significantly next year amid higher interest rates or tighter monetary policy

Extra froth in the market, driven by investors fuelling perceptions that prices will keep rising, has prompted the“Affordability is unlikely to improve next year as prices should march higher, even as interest rates creep upwards as well,” said Rishi Sondhi, economist at TD Economics, who expects house price inflation to slow considerably next year.

Average house prices in Canada are expected to rise 18.6 per cent this year, up from a 16.0 per cent rise predicted in an August poll.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banks and insurance companies obtain court order to allow virtual AGMs in 2022Canada's big banks and insurance companies say they have obtained a court order that will allow them to hold their annual meetings next year as electronic-only or as hybrid meetings.
Source: CTVNews - 🏆 1. / 99 Read more »