![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/12\/canada-prices-remax.jpg\")
<\/a>Photo:\u00a0Spiroview Inc.<\/a> \/ Adobe Stock<\/em><\/p>\nLooking ahead to the new year, Canadians could see average home sale prices steadily rise and inter-provincial migration continue in 2022.<\/p>\n
Today, RE\/MAX Canada released its 2022 Canadian Housing Market Outlook Report<\/a>, outlining some of the trends and changes we could expect for real estate come the new year.<\/p>\n In light of housing supply shortages, which will ultimately put pressure on prices, RE\/MAX Canada predicts that there will be a 9.2 per cent increase in average residential sales prices across the country in 2022. Migration between provinces is expected to also be a key driver of buying and selling activity in many communities.<\/p>\n\n \u201cBased on feedback from our brokers and agents, the inter-provincial relocation trend that we began to see in the summer of 2020 still remains very strong and is expected to continue into 2022,\u201d said Christopher Alexander, president of RE\/MAX Canada.<\/p>\n \u201cLess-dense cities and neighbourhoods offer buyers the prospect of greater affordability, along with liveability factors such as more space.\u201d<\/p>\n Alexander added that in order for these communities to \u201cretain these appealing qualities,\u201d and maintain market balance, more housing supply needs to be added. Without more properties, market conditions in these regions have the potential to continue shifting.<\/p>\n In Ontario, market activity is expected to \u201cremain steady,\u201d next year, but with varying levels of price growth across the regions. Larger markets in the province could see returning immigration place pressure on supply levels and prices. Ottawa, Toronto, Mississauga and Durham Region could see average prices climb five per cent, 10 per cent, 14 per cent and seven per cent respectively in 2022.<\/p>\n In smaller communities such as Muskoka and Thunder Bay, the move-over trend is anticipated to help drive average sale prices up by 20 per cent and 10 per cent, respectively.<\/p>\n Out west, Calgary and Edmonton saw their markets flip from balanced in 2020 to a seller\u2019s market in 2021, which is expected to continue in 2022. This trend was caused by homebuyer demand from by inter-provincial migration from Ontario and British Columbia. Buyers looking for larger properties flocked to communities in Victoria, Nanaimo, Regina and Kelowna, a pattern that will sustain demand and price growth in 2022, RE\/MAX Canada predicts.<\/p>\n From a price perspective, the Greater Vancouver Area, Calgary, Edmonton and Victoria could see average prices jump 5.5 per cent, 2.5 per cent, seven per cent and five per cent next year.<\/p>\n All of Atlantic Canada\u2019s markets are currently in seller\u2019s territory, which is expected to prevail in 2022 with the\u00a0exception of Charlottetown and Southern Nova Scotia. Large urban communities such as Moncton, Halifax and St. John\u2019s have experienced a rise in out-of-province buyers, mainly from Ontario, who come seeking greater housing affordability. Average sale prices in Atlantic Canada could increase between five to 20 per cent next year.<\/p>\n<\/a>Photo:\u00a0Olessia<\/a> \/ Adobe Stock<\/em><\/p>\n