Population growth continues increasing housing demand faster than many regions can add new supply.
Governments are introducing policies designed to accelerate construction and improve housing availability.
Labour shortages, development costs, and approval delays remain significant obstacles to faster building activity.
Housing experts agree that sustained construction increases are necessary to improve long-term affordability.
Single-Family Homes Enjoy Stable Market with Steady Demand
August brought a noticeable shift in the Greater Toronto Area real estate scene. Homebuyer competition softened, with just 2% of neighborhoods seeing homes sell above asking. The majority—79%—sold for less than the listed price. This...