AGENT LICENSE NUMBER
M08001974
BROKERAGE LICENSE NUMBER
123456
Martin Marshall, AMP
RVP, Eastern Canada
Office:
Phone
Address:
401-2005 Sheppard Ave. E., Toronto, Ontario M2J 5B4
AGENT LICENSE NUMBER
M08001974
BROKERAGE LICENSE NUMBER
123456
CMHC Housing Supply Report
May 10
2023Highlights 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.
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