The purpose of this report is to provide a description of the Ontario and Canadian Housing Market using statistics provided by CMHC. This report benefits those who have an investment or interest in the purchases of property in Ontario and Canada.
This report is meant to be a guide or description. Use this information at your best discretion. Here is example of important facts that are available throughout the report.
In the event of Covid-19, it is important that the current housing data and trends are communicated in a formal and reliable way. This report proves to ensure that adjustments to objectives can still be achieved going forward into a new world.
Be sure to take your time when conducting your investigation through the data and tables. This report includes Charts and Tables.
Absorbed vs Unabsorbed Units
When this report describes data of Absorbed or Unabsorbed Units, the data is sourced from the CMHC who further described the data as:
Absorbed (Data) = “The number of new housing units that have been completed and sold in urban centres with at least 50,000 people. “
Unabsorbed (Data) = “The number of new housing units that have been completed but not sold in urban centres with at least 50,000 people. “
In the report are charts that describe the amount of Absorbed and Unabsorbed Units in the province of Ontario for the months of July, August & September in 2021. All Charts are then titled as Q3.
The charts are divided between units priced above and below $1,000,000.