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Housing Starts show a change is coming

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.

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  real estate, advice, buyer, seller, market conditions

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Michael Bertolli And Rob Mills
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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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