The growing uncertainty facing Canada’s housing market was the focus of the 6th Annual Real Estate Canada Forum held on Oct. 6 in Toronto. The closed-door forum brought together real estate investors amid concerns over continued interest rate hikes and the resulting market cool-down. A key takeaway was that Canada’s … … READ MORE >
Housing shortage
Existing home sales continued its slump, down 21% in 2022
Existing home sales fell for the fifth straight month as the housing market cooled significantly amid steep rises in mortgage rates and housing prices. … READ MORE >
U.S. housing supply continues to fall amid rising mortgage rates
There were 1.56 million new housing starts in June on an annualized basis, a 2.0% decline from May and the lowest level since last September. … READ MORE >
As rates rise, Canada’s construction industry enters a new phase
One of the industries hit hardest by rising interest rates has been construction, and this slowdown now threatens to make Canada’s housing shortage more acute. But there are opportunities for savvy developers. … READ MORE >
The American housing deficit and what it takes to close it
At the end of last year, the U.S. was about 3.5 million homes short of the number required to maintain a stable market. … READ MORE >