According to CMHC’s most recent housing forecast released on Thursday April 27, 2023, tight rental market conditions in Canada, due to buyers being “boxed out” of an unaffordable housing market, high immigration, and simply not enough new supply, is likely to persist and is expected to tighten even further.
In this video, Surrey REALTOR®, Steve Karrasch of Macdonald Realty reviews a recent article from Global News that discusses the CMHC's most recent housing forecast in an effort to make sense of the current housing market for both Canadian homeowners and Canadian renters.
Global News: Canada Doesn’t Have Enough Homes To Own: https://globalnews.ca/news/9655111/canada-rental-market-unaffordable-housing-cmhc/
#SurreyRealtor #SurreyRealEstate #CanadianHousingCrisis
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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.
