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Canadian Housing Starts - Shocking News

Thursday, January 25, 2024   /   by Rob Mills

Canadian Housing Starts - Shocking News

Housing starts in Canada over the last 12 months make interesting reading to say the least.  So what can we learn?

Whilst starts (the number of new homes under construction) has risen slightly we have seen a massive drop in Single Family Homes, whilst both Condos have remained steady and new rental projects jump way u from where they were 10 years ago.

The most shocking statist of all is that we have only started 1 home for every 25 new arrival into Canada.  If you think supply is short now, just wait a year!

Combine this with the tightening of the GTA Single Family Home market we are certain to see a return to rising prices, as demand will out strip supply, male sure if you are thinking of buying in this sector any time soon you take advantage of current market conditions.

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  real estate, advice, buyer, market conditions

Your GTA Properties
Michael Bertolli And Rob Mills
101 Brock Street S. 3rd Floor
Whitby, ON L1N 3J9
416-319-4299

Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 18, 2024
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 18, 2024
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