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Canada Building Permits Are Worrying Sign

Thursday, January 25, 2024   /   by Rob Mills

Canada Building Permits Are Worrying Sign

We at Your GTA Properties are really worried about this stat.  Single Family Home permits are at the lowest we have seen since the early 1980's.

The reason we some major concerns for the market are we are already seeing a reduction in inventory, combine this with record population growth and even higher temporary residents we can only see a very difficult future for buyers in the very near future.

With near record low mortgage delinquencies we don't expect to see inventory levels grow and we will likely soon see a return to a strong sellers market where buyers are fighting over every listing.  Its a question of when, not if the GTA Real Estate market explodes.

  real estate, advice, buyer, market conditions

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

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