It's the largest drop in asking rents in five years
Research indicates that strong wage growth is keeping inflation elevated
Economist expects housing activity to take most of the year to recoup first-quarter losses
The Ministry of Finance estimates the measure will spark an additional 8,000 housing starts
Housing construction activity exceeded the 10-year average across most major markets
A slow, prolonged erosion of affordability conditions began in the early 2000s
Global real housing prices continue slide that started in 2022
New report calls on all levels of government to work harder to cut the cost of buying a home
The national average sale price in January was $652,941, down 2.6% on an annual basis
Concerns about company were raised by short sellers in 2022