Montreal's Real Estate Market in 2022
Vancouver, Toronto, Montreal, and Ottawa's housing markets will most likely be the ones to set the pace for price changes across the country. According to CMHC, prices will range from $743,100 to $831,100 on average in 2023 and from $756,500 to $867,800 on average in 2024. The federal government outlined a strategy to lower the cost of homeownership in Canada for first-time buyers in its 2022 budget. By the end of 2022, the average home price in Montreal is predicted to rise by almost 12%. Despite government vows to cool the market, house costs are expected to climb even more in 2022. This year's average price of a Montreal home is expected to rise even further, according to Royal LePage's House Price Survey and Forecast, which was issued on February 1. The average price of a property in Montreal is expected to rise by 12.5%, to $599,200. Canadian housing prices are predicted to "remain elevated" and affordability will "decrease" over the next five ye