Prices are DOWN, Sales are DOWN, 2023 Canadian Real Estate Market

In unison, Governments in Canada have announced desperate new measures to increase building and density in most of Canada's big cities including Toronto, Vancouver, and Calgary with Ottawa pushing for inclusive zoning amendments to get more rental units built. Check out the latest National statistics from across Canada for August 2023 as I analyze the numbers and give my opinion.



References/Links:


https://www.niagarafallsreview.ca/news/council/build-it-or-lose-it-niagara-falls-prepared-to-switch-from-carrot-to-stick-approach/article_6134f062-b46d-5ab7-9842-cf47a27ca2e9.html

https://calgary.ctvnews.ca/calgary-city-council-approves-housing-strategy-1.6564699

https://www.cbc.ca/news/canada/toronto/toronto-approves-multiplex-vote-1.6839296

https://www.ctvnews.ca/politics/ottawa-to-remove-gst-on-new-rental-housing-calls-on-cities-to-end-exclusionary-zoning-pm-1.6561315

https://globalnews.ca/news/9962925/vancouver-council-8-homes-per-lot/

https://www.bankofcanada.ca


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/when-mortgage-rates-start-to-fall-housing-prices-will-follow-brown-harris-stevens-ceo-bess-freedman