Canadian Real Estate Investment Trends and Market Opportunities in 2022
It’s 2022 — time for Canadian Real Estate Investment Trends and Market Opportunities in 2022.
Farewell to 2021. Even if 2022 isn’t “back to normal” yet, we can hope that it will at least be better than 2021.
Admittedly COVID-19 and its successor Omicron have created devastation in tandem with global economic trends, which have rippled into the Canadian real estate market industry.
This report summarizes common trends in the short-term future of Canadian real estate. The second section of the report addresses Canadian Real Estate Markets in 2022. These trends were sourced from; PWC’s Emerging Trends in Real Estate 2022, and Canadian real estate markets to watch in 2022.
Virtual Shift — Work/Life Balance
Because of the pandemic, workplaces were forced to utilize technology, allowing employees to work from home. When Covid restraints lifted, many work cultures shifted, allowing people to choose their work location to virtual, in-person, or hybrid. This virtual shift provided more time with family and self, which led to either renovating or retrofitting current homes to accommodate remote work or moving to newer, bigger locations in more affordable rural centers.