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Canada Home Prices Poised for Recovery as Demand Remains Strong

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Despite a dip in prices since March 2020, the Canadian housing market is set to recover. Experts predict a 9% fall this year followed by a 2% and 4% rise in 2024 and 2025 respectively as supply fails to keep up with demand. With buyers regaining confidence, the Bank of Canada is expected to hold interest rates throughout 2022.

BoC to hold rates this year, but high risk of at least one more hike

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Most economists predict Bank of Canada will maintain interest rate at 4.50% this year, but tight labor market and higher inflation may lead to another hike. US Fed's rate increase may also pressure BoC to tighten. Rates likely stable, but possibility of increase remains.

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BoC to hold rates this year, but high risk of at least one more hike

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Most economists predict Bank of Canada will maintain interest rate at 4.50% this year, but tight labor market and higher inflation may lead to another hike. US Fed's rate increase may also pressure BoC to tighten. Rates likely stable, but possibility of increase remains.

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