Market Insights

From Osler – On Tuesday, October 25, 2022, the government of Ontario introduced Bill 23, the More Homes Built Faster Act, 2022 which proposes sweeping changes to the land use approvals system in the province, with the goal of facilitating the construction of 1.5 million new homes by 2031.

From Financial Post – Nervous investors looking to offload their pre-construction condos in the secondary market may find themselves out of luck, industry watchers say, as a softening real estate market and rising interest rates send buyers to the sidelines.

From Renx.ca – The Greater Toronto and Hamilton Area (GTHA) housing market has been in flux throughout 2022 and different perspectives were shared during a recent Urban Land Institute Toronto webinar.

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.