04/20/2023
Our latest Housing Supply Report is out now.
On average, Canada’s largest cities saw lots of housing construction in 2022. But not enough to meet demand. Simply put, home buyers were quick to scoop up new units and inventories are historically low.
As most know, interest rates rose quickly in 2022, but we’ve yet to see the full impact of high interest rates on construction. Most projects were financed when lower rates were still available. As 2022 ended, some cities showed signs that construction was slowing down. We expect this to continue in 2023 as the impact of higher interest rates takes hold.
Download our full report: http://ow.ly/6jq750NMPFS