Rental housing supply across the nation surged in 2022 but demand outpaced growth – leading to skyrocketing prices, record-low vacancy rates and less mobility.

As rental market conditions in the area remain tight, supply will be at the forefront of consumers’ minds in the coming year. Zonda Urban estimates that at least 25,000 new condominium apartment units will hit the market in 2023.

The CREA is predicting good news for the market in the coming year – while it's not a full recovery, it's the start of a long-awaited turnaround.

Artisan Towns are bordered by woodlands and the Credit River while being located conveniently near the amenities of Streetsville. Artisan Town residents can spend the mornings walking along the scenic Culham Trail, and then head into Streetsville for errands or entertainment.

The latest rate hike is, thankfully, the smallest increase since March 2022 and will likely be the last for the next little while.

The GTHA saw rental rates decrease and vacancy increase in new purpose-built rental projects during Q4 2022, reports Zonda Urban.

Mill Street Courtyards is a collection of three-storey townhomes that’s located near the city’s historic downtown. The Plazacomm development is just a short walk to East Beach on Lake Ontario, and the Ganaraska River can be found right across from the homes.

According to the latest CREA statistics, national home sales inched up by 1.3 per cent in December.