Squamish Housing Prices will increase 12% in 2022
- May 31, 2022, 4:55 a.m.
Market Summary: - Migration to Squamish is expected to continue in 2022, potentially impacting local real estate conditions. More people moving to rather than leaving Squamish - 49 percent of Canadians believe the housing market will remain steady in 2022 and view real estate as one of the best investment options over the next year - Some of the highest returns will be achieved in single-family detached and townhomes - 95 percent of Realtors (36 out of 38) surveyed think Squamish will remain a seller’s market in 2022 Squamish, BC, January 7, 2022 – RE/MAX Sea To Sky Real Estate is anticipating steady price growth across all sectors of the real estate market in 2022, with single-family detached housing activity outperforming all others in the region. The ongoing housing supply shortage is likely to continue, putting upward pressure on prices. As a result of these factors, RE/MAX Sea To Sky Real Estate estimates a 12-per-cent increase in average residential sales prices across Squamish.
Less-dense cities and neighbourhoods offer buyers the prospect of greater affordability, a better lifestyle and more space for outdoor recreation. Unless more housing supply is added, there will remain to be a market imbalance and rising demand. There is potential for prices in Squamish to shift further upwards. 2022 Western Canada Real Estate Insights The Squamish real estate market is expected to favour sellers, this is being impacted by limited housing supply and high demand. Regions such as Victoria, Nanaimo and Kelowna also experienced an influx of buyers in search of larger properties and greater affordability, which is likely to continue pushing demand and prices up in 2022. This trend has notably increased demand for single-family detached homes, townhomes and condos as well, which is expected to continue in 2022. Despite some buyers choosing to move away from urban centres such as Vancouver in favour of suburban areas within British Columbia, Greater Vancouver has remained a quality place to live. The region continues to draw interest from Canadian and international buyers, in tandem with rising immigration. Vancouver is expected to remain a seller’s market in 2022, according to RE/MAX brokers in the Greater Vancouver Area. About Squamish.RealEstate With the 2022 launch of Squamish.RealEstate, we hope to engage buyers and sellers with content to help them better understand Squamish property values and potential opportunities. As well, we intend to introduce modern real estate services and technology to help clients save time and money. For more information, browse our site or contact us. Sean Brawley 604-849-0500 RE/MAX Sea To Sky Real Estate Personal Real Estate Corp.