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.
GTA Housing: May Shows Resilience Amid Spring Trends
Bidding competition in the Greater Toronto Area resale market softened in May, with only 7% of neighborhoods overbidding, down from 13% in April. Most homes sold below asking price, indicating a buyer-friendly market. Overbidding for...