Something happened in Toronto's housing market over the past year that really shouldn't happen in a free market. As home prices shot through the roof, the number of homes being built in the city dropped dramatically. Vancouver seems to be experiencing a similar problem. So what's going on here? Why is the supply of housing not keeping up with demand, even though there is so much money to be made? The answer, according to a growing number of experts, is that local policies and public opposition to development are killing off home construction, causing home prices to skyrocket.
Two forward-looking measures of the health of Canada’s housing market came in stronger than expected for the country as a
“It certainly looks” like Toronto’s impressive condo boom has run its course, the Bank of Montreal says in a client note
Building permits plummeted by 27.3 per cent in August, StatsCan reported Tuesday, suggesting a pullback in construction in
Canada's residential real estate markets showed signs of a sharp slowdown in the first quarter of the year, with housing
OTTAWA - Statistics Canada says the value of building permits issued by municipalities declined 4.1 per cent to $6.5 billion
Toronto new condo sales took a nose-dive in the first quarter of 2013, according to condominium market research company Urbanation
OTTAWA - Statistics Canada says the value of building permits issued by municipalities declined 11.2 per cent to $5.7 billion