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.
Toronto Buyers Enjoy More Choices as Prices Adjust
Toronto real estate shows slow improvement with June sales rising 8.4% to 6,770 units, the best June in three years but still 23.6% below 2019 levels. Home prices fell 0.6% to $940,800, down 5.4% from...