Are you curious about the real estate market and home values in our area and around Canada? RE/MAX Canada, CIBC Capital Markets and The Conference Board of Canada examined how the country’s housing market might respond to specific “what if” scenarios between 2022 and 2027, while exploring factors that may impact Canadians’ capacity to buy, sell and maintain their homes. Read the publication here.
“What does this mean for local real estate in Durham Region and the Kawarthas? Our main concern this year will be listing inventory. If inventory remains low and demand stays relatively stable we will continue to see some price appreciation this year, albeit, not at the increases we have seen in the last 3 years. With interest rates rising to combat rising inflation, it should bring a more stable marketplace over the next 24 months, a more balanced market and stabilization of prices that equally benefits buyers and sellers. Real estate will remain highly local where sought after waterfront and rural properties in close proximity to urban amenities will continue to be in demand due to lack of supply.”
Do you have questions about the real estate market? Contact us today and we would be happy to chat.
other resources: Durham Region Housing Market Outperforms Most GTA Markets (Jan 2022)
Puckrin & Latreille Real Estate Team
Tanya Latreille, Brett Puckrin, Dianne Hooker, Keith Puckrin, Lynda Sauder, Guy Latreille
Re/Max All-Stars Realty Inc., Brokerage
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