2022 GTA Real Estate Outlook
2021 turned out to be incredibly strong for real estate, despite the ongoing pandemic.
Now, Wayne Karl of Homes Magazine looks towards what we can expect for 2022. In doing so, he spoke to StateView Homes’ Director of Sales, Julian Uccello.
When asked what he feels will drive the market in 2022 Julian said, “The new home market performed remarkably well in 2019, 2020 and 2021 despite all the challenges we faced, which is a tribute to the adaptability of this industry. This year promises to also be great, for several reasons. The fact that demand exceeds supply in the GTA is still a large factor in sales.”
He added, “With strong immigration expected on an ongoing basis, that scenario will continue for the foreseeable future. Even if interest rates rise, they will still be historically low – a fact that has enabled people to buy who might not otherwise be able.”
Read the full article here https://bit.ly/3rmiSxb