Projections For 2022

January 6, 2022

A NEW YEAR is upon us, and confidence continues in the Canadian Real Estate Market, as growth is expected to remain strong in 2022.

National Trends

Even after experiencing record setting Real Estate numbers in 2021, it is projected that Sales will continue to rise in 2022, and the average Residential Sale Price will increase by 9.2%.

Despite the Global Pandemic, many Canadians feel confident in the Real Estate Market. According to a survey conducted on behalf of RE/MAX Canada, 49% of respondents believe Canadian Real Estate will remain one of their best investment options in 2022. “Canadians recognize the value and investment potential in their homes.” says Elton Ash, Executive Vice President, RE/MAX Canada.

Ontario Trends

Market activity across the province is anticipated to remain steady in 2022, with continued average price growth, anticipated average sale price increases and prolonged supply shortages.

Inter-provincial migration continues to be a key driver of housing activity in many regions in Ontario. The ‘relocation trend’ that began in the Summer of 2020 as the Pandemic set in, prompted Buyers to start looking for less-dense rural areas, greater affordability outside of big cities, and more overall space. This trend is likely to continue as many Businesses and Organizations have adapted to a work-from-home system for it’s workforce that is expected to remain in place into the coming year.

Muskoka Trends

The Number of Sales are expected to rise by 10% in 2022 and the Average Price is expected to increase 20% for the Muskoka region. This means that the Average Sale Price will increase to $749,357 in the coming year, compared to $624,464 in 2021.

Despite the growing value of homes in the Muskoka area some home owners might be hesitant to sell, choosing to take a "wait and see" approach during 2022. We understand that there are many things to consider when Buying or Selling, especially in unprecedented times like these. Let us help you! We will work with you to strategize your next move and show you how you can capitalize on the current high-demand Real Estate Market, especially in beautiful Muskoka. We look forward to hearing from you.

Dolf and Anzie Witlox

Dolf - 705.787.6196

Anzie - 705.571.0587

info@dolfandanzie.com

Statistics from: RE/MAX 2022 Canadian Housing Market Outlook Report

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Things to do in Muskoka summer time 2022

Here Comes Summer!

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We are pretty sure that when we say ‘we are excited for summer’, that we aren’t alone in that sentiment. It’s been a long chilly winter here in Muskoka, and now that the warmer temperatures are here we are all looking into the next few months with anticipation, planning our summer days to make the best of the season. Loving Life in Muskoka for more than 35 years, we have experienced many amazing times, so we thought we would share some favourites with you to help plan your upcoming Muskoka adventures and make this your best summer ever! The beauty about Muskoka is that there is literally something for everyone. Whether you are looking for a relaxing night out to enjoy the flavours of local cuisine, or you are yearning for something a bit more adventurous, you’ll find it here in Muskoka. For the Adventure Seekers Nature, wilderness and the great outdoors is what Muskoka is all about! So for an epic family adventure that everyone will remember check these out: Cruise Lake Muskoka on the famous steamships RMS Segwun and Wenonah II departing from the Wharf in Gravenhurst. Take a self-guided canoe trip through a curvy river or paddle to a scenic waterfall for a picnic. I mean.. who doesn’t love a picnic? Walk amongst the trees for an epic tree top trek or zip-liningexperience at aerial parks in Bracebridge or Huntsville. For the Foodie Muskoka is known for its food and drink offerings from craft beer to mouth-watering local cuisine, there is so much to choose from. While you are here in Muskoka this summer experience: Local Farmer’s Markets offer your favourite oh so tasty in-season fruits and vegetables, plus you will surely find unique souvenirs, works of art & hidden gems to take home with you. Tours of all sorts including brewery, coffee roastery or winery experiencing a flavourful and educational experience. Enjoy the incredible tastes of Muskoka’s culinary scene with a compilation of must-try restaurants, cafes and eateries. For the Creative Minds Muskoka area has a rich arts and cultural scene with many entertaining ways to get up close and personal with the creative side of the area: Jump on self-guided gallery tours - where you can meet local artists, even find that perfect treasure, gift or masterpiece The summer lineup of concerts and theatre performances at Muskoka venues is top notch, truly something for everyone. We hope you make the most of every summer moment. Local or visiting in Muskoka, there is always something awesome to do!