The Canadian housing market can expect current market dynamics to feed into its sustained growth and robustness well into 2022, according to an independent analyst.
A major trend that will likely continue this year is supply lagging considerably behind soaring demand, analyst Ambrose O’Callaghan said in a recent contribution to The Motley Fool.
“Housing sales in Canada had already surpassed the 2020 total by the end of November,” O’Callaghan said.
Fuelling further market strength is immigration, which had a record high of 401,000 newcomers in 2021. O’Callaghan said that this record is likely to be broken again this year, taking the gradual reopenings of borders into account. # SANDI HALPERN # SOLD # LEASED # REAL ESTATE MARKET