Home Prices Forecast to Double by 2026

Posted in Real Insights | May 11, 2007

Did you know that home prices in Canada have been forecast to double in the next 20 years? In a recent report, CIBC World Markets said that downsizing and selling by seniors would be more than offset by population growth and immigration. The housing market is expected to fluctuate, but the bank predicts average real house prices will mirror the performance of the past 2 decades, leading to a 20-year doubling of value. According to this source, we can count on the value of our homes and other real estate investments with confidence. (April 28, 2007)