Tag: housing
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CIBC Report on economic outlook in Canada:
In a recent report by CIBC, economists observed that home prices in Ontario are “still too high to buy, but not high enough to build.” This statement captures the unusual imbalance currently shaping the province’s housing market. Prices remain elevated relative to incomes, limiting affordability for many buyers, yet they are not high enough to…
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Housing Slump and its Ramifications:
A scan of Toronto’s skyline reveals just how dramatically the city’s housing market has changed after decades of rapid growth. Where cranes once dominated the horizon, now only a single crane stands, symbolizing an unprecedented slowdown in construction activity. This visible shift reflects deeper economic concerns, as industry leaders warn that if home sales do…
