Found 3 blog entries tagged as affordable housing.

Canadian housing market questions Googled

After two years of remarkable growth in the Canadian real estate market, the housing industry is experiencing a change. Perhaps it is a path to normalization, or maybe it is a sharp correction. Whatever the case may be, it is unlikely that Canada’s housing market will continue the meteoric growth it has enjoyed since the early days of the coronavirus pandemic.

Indeed, many trends are forming in Canada: interest rates are rising, mortgage rates are going up, sales activity is slowing down, prices remain high, and supplies fail to meet strong demand. Because of this, many market participants – buyers and sellers – have questions. As a result, they are turning to Google to have their questions answered. But what exactly are…

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In recent months, officials at all three levels of government have been scrambling to increase affordability in the Canadian real estate market, with municipal, provincial and federal housing proposals ranging from new or higher tax rates to more tax credits.

During the last general election, all of the federal party leaders put forward their ideas to improve the housing sector and ensure more Canadians can purchase a home, be it a single-family home, townhouse or condominium unit, without breaking their budgets to do so. But now that it appears Prime Minister Justin Trudeau and his Liberal government will remain in power for another three years, the Grits are beginning to tackle this national issue. What federal housing proposals will actually…

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Over the course of the pandemic, homeowners have been re-evaluating what they need most out of their property. For some, this has meant packing up and downsizing to a smaller city or community for greater living space, privacy, and a more relaxed pace of life.

Both statistically and anecdotally, we’ve witnessed buyers moving to the suburbs and other rural areas over the past two years. Small towns like Squamish, Wasaga Beach, Kingston, and Collingwood have been home to some of Canada’s fastest growing populations lately, a trend largely attributed to residents moving from urban centres in search of more affordable housing, according to a report from RBC Economics.

Why have buyers been moving to smaller cities?

Right now, there are two main…

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