AGENT LICENSE ID
109754 MSB
BROKERAGE LICENSE ID
X028992 MMB
Susan Zanders
Senior Mortgage Broker - Broker Owner, Mortgage Broker Maple Ridge, BC to Whitehorse, Yukon
Phone:
Email:
Address:
13533 Nelson Peak Drive, Maple Ridge, British Columbia, V4R 0G1
CMHC Housing Supply Report
5/10/2023
Highlights from the April 2023 Housing Supply Report:
- Growth in residential construction was mixed across Canada’s 6 largest census metropolitan areas in 2022.
- Current new home inventories are at historic lows even though housing starts were strong during the pandemic.
- Housing starts increased in Toronto, Calgary, Edmonton and Ottawa. Starts were stable in Vancouver and decreased in Montréal.
- New research completed by the University of British Columbia using CMHC data shows that most housing starts were built in low-amenity neighbourhoods. Apartments, however, tend to be in high-amenity areas .
- As interest rates increased, homebuyer purchasing power dropped. Prices decreased slightly in most markets.
- Apartment construction – both purpose-built rental and condominiums – continued to grow.
