Market Insights

From blogTO – Renting a place to call home in the Greater Toronto Area (GTA) is no cheap prospect, and it’s only getting more expensive to live in the country’s most populous urban area.

From Renx.ca – Canada needs to increase its rental housing supply to alleviate a housing crisis that could worsen, CIBC Capital Markets managing director and deputy chief economist Benjamin Tal told a large crowd Wednesday to open the Canadian Apartment Investment Conference.

From The Star – The growth ‘makes it all the more alarming how much rents have risen in a short period,’ says Urbanation president.

From CTV News – Ontario’s population could increase by as much as six million over the next two decades and some experts are warning that governments need to start “playing catch up” on building out the necessary infrastructure to accommodate that sort of influx before it is too late.

From CP24 – A housing correction which has already led to four consecutive months of price declines in the previously overheated Greater Toronto Area market could end up becoming “one of the deepest of the past half a century,” a new report from RBC warns.

From toronto.com – The new condo market will likely continue slowing down in the near-term, but prices will hold firm says Urbanation in its latest market report.