Will home prices rise in 2022?

Home prices are expected to rise in 2022, but sales will take a dip, according to new data from the BC Real Estate Association. A BCREA report issued Thursday said sales in B.C. are expected to jump 29 per cent to more than 120,000 units this year, compared with 94,000 in 2020.

What is the real estate market like in BC in 2022?

A new report said real estate sales in B.C. are expected to jump 29 per cent to more than 120,000 units this year, compared with 94,000 in 2020. Jonathan Hayward / The Canadian Press Home prices are expected to rise in 2022, but sales will take a dip, according to new data from the BC Real Estate Association.

What are the macroeconomic trends for the housing market in 2022?

While home prices are still expected to keep rising well into 2022, the pace of the increase is expected to slow down. The macroeconomic trends that will likely influence the housing market in 2022 are expected to be inflation and rising interest rates.

What do housing experts expect in 2022?

Here’s a look at what the housing experts expect in 2022. The housing market was doing well at the turn of the year and may normalize, said Lawrence Yun, chief economist at the National Association of Realtors, a trade association for real estate agents.