Housing starts in Canada declined to 215,365 units in January 2023 – down 13 per cent compared to just a month earlier.

Interest rate hikes may have temporarily destabilized Canada’s housing market, but don't expect a 2008-esque housing market crash any time soon.

A new study by the Canadian Housing Statistics Program (CHSP) revealed the percentage of property investors across five Canadian provinces. Unsurprisingly, city centers and tourist areas in Ontario and British Columbia saw some of the highest rates of landlord-owned homes.

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.

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

If you’re looking for a new and thriving neighbourhood that’s close to nature and all the amenities you’ll need to thrive, The Glade by Fusion Homes might just be the spot for you.

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.

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