Rising interest rates, low housing supply in store for Canada in 2022: report

Rising interest rates, low housing supply in store for Canada in 2022: report | Urbanized (dailyhive.com)

After nearly two years of historic lows, aspiring Canadian homeowners will have to keep an eye out for rising interest rates in 2022.

A recently released report from real estate agency Zoocasa outlined five major predictions that Canadians should anticipate in 2022 — including rising interest rates.

As to be expected as we continue to move through the pandemic, there will be some less-than-exciting changes coming to the real estate market. But unfortunately, when it comes to the aspects of the market that buyers across Canada would actually like to see changed — namely, the surging home prices and lack of inventory — it seems like 2022 will bring more of the same.

Urbanized (dailyhive.com)