One in three Canadians considering “workarounds” to buy a home amidst declining housing affordability in Canada, supply shortages Of those Canadians who are considering alternative ways to become homeowners, 54% are Millennials and Gen Z 15% of Canadians reported they were able to grow their savings during the pandemic and plan to use these funds…

Sales Commentary June marked the third month in a row of declining sales. The all time peak in sales was March on the Toronto Regional Real Estate Board. That is not a bad thing and at over 11,000 sales it was the third best June sales month. We can also forecast that 2021 will be…

TREB MLS SALES Monthly with three previous years for comparison TREB MLS NEW LISTINGS Monthly with three previous years for comparison TREB MLS SALES-TO-NEW LISTINGS RATIO Monthly with three previous years for comparison TREB MLS AVERAGE RESALE HOME PRICE Monthly with three previous years for comparison TREB MLS SALES Monthly time series with trend line…

“We have seen market activity transition from a record pace to a robust pace over the last three months. While this could provide some relief for home buyers in the near term, a resumption of population growth based on immigration is only months away. While the primary focus of policymakers has been artificially curbing demand,…