We enter October 2023 with a red-hot rental market, driven by rising mortgage rates, sluggish home sales, a lag in construction and surging population growth.
April’s housing market upturn continued in May, when home sales and prices increased month-on-month. But an interest rate hike in June could derail momentum.
The housing market is showing signs of recovery. Demand continues to outpace supply, which means greater potential rewards for landlords and sellers.
The housing market shows a marginal increase in home prices, declining sales, and signs of cooling amid high interest rates and fluctuating construction starts.
The Canadian housing market continues its seasonal lull, but housing activity (and prices) are expected to pick up again in the spring.
The home sales market is cooling down while the rental market is still running hot – but are signs pointing to a seasonal slowdown?