Recent market stats are showing that affordability and housing supply are at an all-time low across the province.
While housing sales have hit record levels over the last two years, industry challenges such as building costs, inflation and the rising cost of living are slowing down construction and preventing more homes from being built at the pace Ontarians need and deserve.
We should be committed to protecting the green space across the Greater Toronto area, it's important to continue to take a balanced approach that protects the environment and supports smart growth to create much-needed housing and jobs.
Our REXIG team monitors real estate data on a regular basis. We analyze trends, shifts in the market, and sales analytics to help clients make the best decisions when it comes to real estate. A topic that has been trending is the continuous undersupply of homes across Ontario. One way how affordability and supply can be restored is through the shift to multi-residential condominium units built across the province.