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June 2024 Newsletter

Sluggish Home Sales Facilitate Inventory Recovery Home sales edged down by 1.7% between March and April, marking the second monthly decrease in five months. Provincially, April saw decreases in Nova Scotia (-6.3%), Alberta (-4.5%), Manitoba (-4.1%), Ontario (-2.9%), Quebec (-1.3%), P.E.I. (-0.6%), and B.C. (-0.5%). Conversely, increases were recorded in New Brunswick (+12.7%), Saskatchewan (+11.5%), …

What is Canada’s potential capacity for housing construction?

Despite having a record-high 650,000 construction workers in 2023, Canada’s housing production of 240,267 units fell short of the potential to build over 400,000 homes per year. Although more human and financial resources have been allocated to residential construction in recent years, housing starts have not kept pace with this investment. Achieving the Government’s Housing …

Housing Market Update

Home sales decreased by 1.7% between March and April, marking the second monthly decline in five months. On the supply side, new listings rose by 2.8% from March to April, the third increase in four months. Active listings surged by 5.8% in April after stabilizing the previous month, leading to an increase in the number …