Tag: housing shortage Canada
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Demand Isn’t the Problem – Here’s What’s Blocking Canada’s Housing Market
Canada’s housing market continues to face affordability challenges, but new data suggests the issue may not be a lack of demand. Instead, a growing imbalance between buyers and available housing is emerging, with many Canadians still planning to enter the market despite ongoing constraints. Buyer Demand Remains Strong Recent data shows that 23% of young…
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Canadian Housing Starts Fall 6% in March, Missing Expectations
Canada’s housing supply outlook took another hit, with new data showing a decline in construction activity heading into the spring market. According to the Canada Mortgage and Housing Corporation, housing starts fell in March, raising concerns about whether supply can keep up with long-term demand. Housing Starts Decline in March The latest data shows that…
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Canada’s Rental Crisis Moves East: Nova Scotia Now Least Affordable Province
Canada’s rental market shows signs of improvement overall, but the picture varies widely across the country. A recent Rentals.ca report indicates that while the rent-to-income gap has narrowed slightly since peaking in early 2023, affordability remains a challenge for most provinces. Only Alberta meets the commonly used threshold for affordability, where median households spend 30% or less of their…
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41 Percent of Canadian Home Builders Have Laid Off Workers – Many Don’t Plan to Rehire
Canada needs to build 5.8 million homes by 2030 to restore affordability, according to CMHC, yet residential construction is now moving backward. A new report from the Canadian Home Builders’ Association (CHBA) shows: ✅ 41% of builders in Canada have laid off workers❌ Most do not plan to rehire them In key markets, the number is even higher: This marks the lowest level…
Canada Housing Market 