In 2022, we’ll see higher mortgage charges and, as they proceed ticking up, which can begin to create a ceiling on the median residence price development, as month-to-month payments on new mortgages turn out to be less and less inexpensive. Homebuilding will continue and new properties will pile up a bit which is able to slow down the rate of price appreciation. There are causes to imagine that the housing market will stay tight in 2022 because there are first-time consumers coming into the market. The demand has not gotten considerably stronger since May/June of 2020, and patrons and sellers are continuing to connect at a record tempo.

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  • “Toronto’s housing market continues to be a market the place demand significantly exceeds the availability of homes coming available on the market for sale,” Pasalis
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