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Canadian Real Estate May Stabilize With Higher Interest Rates
Interest rate increases at a reasonable schedule of four times a year would create a stable and more relaxed environment for Canada real estate over the next five years
How might the affordability of real estate in Canada be impacted if interest rates continue to climb over the next five years? It could be good news, according to a new four-part report from RE/MAX Canada, developed in collaboration with CIBC and The Conference Board of Canada.
Unlocking the Future: The Economic Chapter offers a five-year outlook and analysis of how real estate in Canada might respond to specific scenarios through 2027, such as interest rate hikes, annual immigration volumes and taxation, and explores how these factors may impact Canadians’ capacity to buy, sell and maintain their homes in a stable manner. Subsequent chapters, which will be released throughout 2022, will consider the influence of climate change, the status of on-premise work, and technology on the Canada real estate market.
As the second quarter of 2022 approaches, many volatile factors are in play — from inflation to rising interest rates and a war in Europe — that will alter economic conditions in the short and long term. Based on specific plausible and confirmed scenarios, exploration within this report focuses on how policy decisions could affect real estate in Canada over the next five years.
Complete Article: https://blog.remax.ca/canada-real-estate-may-stabilize-with-higher-interest-rates/
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