July 20, 2023
What is going on with housing prices across Canada Canada’s real estate market has been experiencing unprecedented changes in recent years, partly driven by the surging population. The country is now home to 40 million people, after hitting the milestone this year, and the federal government’s plan to welcome an additional 1.5 million immigrants by 2025 has set the stage for a significant demographic shift. Historically, population growth has played a role in home prices, as more people require housing. Home prices are influenced by a myriad of factors, including economic cycles, demand, demographic shifts, government policies, and interest rates, […]