The housing market has been gaining strength in the previous few years — significantly during the COVID-19 pandemic. Home values soared, buyer demand jumped, and mortgage rates hit historic lows. And in the end, it’s made housing one of the few bright spots during an in any other case tough time. The fact that Canadian home costs have risen far past rental rates tells us that it’s because of monetary elements alone — not a scarcity of supply.
Because of a scarcity of recent listings and an already low inventory, the supply of housing dropped to new lows. Inventory of …
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