High supply and low demand leave condo owners in real estate limbo
Turnover rent gaps and long tenancies contribute to worsening affordability
But rents for two-bedroom apartments doubled in some cities since 2019
A weaker labour market and economic prospects leads to downgrade
Ontario, Nova Scotia, Montreal face biggest housing shortfalls
Pickup from April may signal start of turnaround in housing: CREA economist
Urban starts held steady at just under 260,000
Subsidy would support roughly 71,700 purchases at an average of $26,832
Economists warn it may fuel demand without fixing Canada’s supply crunch
New supply, slower population growth and economic uncertainty ease pressure on the market