Prices are falling but rents are rising in Canada

We're seeing an interesting dynamic between the current stagnation of home purchase prices and the increasing value of monthly rent costs on leases across Canada, particularly in the GTA.

The current uncertainty in the market when it comes to home sale prices has caused sellers to back off, reducing the number of properties listed yet the demand for housing is only increasing as supply dwindles and more new Canadians arrive this year.

Is this a short-term trend, or is this something that will continue into 2023? We're watching the market closely for our clients to make the best decisions.

https://financialpost.com/real-estate/mortgages/prices-are-falling-but-rents-are-rising-in-canadas-paradoxical-housing-market