Monday, December 18, 2023 / by Rob Mills
Housing Starts show a change is coming
Housing starts in Canada show an increase in both Rentals and Condos (50% of which end up in the rental pool) but a decline in Single Family Homes.
What does this mean for the future? Not good news unfortunately. Whilst we desperately need more rental units with a booming population, we are also already far short of tye homes needed to house everyone, and this decline in Single Family Homes shows there are hurdles in tyhe not too distant future as low inventory will likely be reflected in higher prices.
What does this mean for the future? Not good news unfortunately. Whilst we desperately need more rental units with a booming population, we are also already far short of tye homes needed to house everyone, and this decline in Single Family Homes shows there are hurdles in tyhe not too distant future as low inventory will likely be reflected in higher prices.