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That trend is expected to continue. Re/Max predicts prices will increase on average by 3 to 20 per cent for the rest of 2022. In Atlantic Canada, Re/Max predicts housing prices will increase 20 per cent on average in Truro, N.S., by the end of 2022. That is on top of the 46 per cent increase the community already experienced from the first quarter of 2021 to the first quarter of 2022.
“Throughout the pandemic, local Re/Max brokers have reported an influx of out-of-town buyers seeking affordable housing, larger living spaces and a close-knit community feel. Many of these regions, including Oshawa, Carleton Place, and Arnprior, already have the infrastructure and public transportation in place, offering residents an easy commute to work in the city,” the report said.
Source: Financial Digest (financialdigest.net)
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