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Canadian home prices expected to rise by 10.5% in 2022, Royal LePage predicts

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Predicting what’s to come for Canada’s housing market is extremely difficult. This year’s market defied expectations, roaring back after a fleeting dive during the COVID-19 pandemic. 2021 is on track to be the busiest year on record.

Nationally, home prices are forecast to climb by 10.5 per cent, while a single-family detached house is expected to go up in value by 11 per cent and condo prices could rise by eight per cent.

Anne Gaviola has more on what Royal LePage sees in the cards for 2022.

For more info, please go to https://globalnews.ca/news/8450053/housing-canada-fiscal-update-freeland/

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Category
U.S. & Canada
Tags
global news, housing prices, royal lepage
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