A year ago, housing affordability dominated national conversations as the Canadian real estate market exploded in growth across major urban centres and rural communities alike. This year, the conversation has ostensibly changed, with buyers, sellers, market analysts and industry experts discussing the path the Bank of Canada (BoC) will take in 2024 and immigration levels. Will the central bank cut...
Rental housing supply across the nation surged in 2022 but demand outpaced growth – leading to skyrocketing prices, record-low vacancy rates and less mobility. Approximately 55,000 purpose-built rental units hit the market between October 2021 and October 2022 – the strongest rate of increase since 2013. However, those extra units did very little to flesh out available rental supply, as vacancy...