Unless more land is made available for housing in parts of Ontario, the shortfall for grade-related housing could grow to over 200,000 units by 2051, worsening an already-existing problem according to a report by Malone Given Parsons Ltd.
A new normal for interest rates will drive aggregate housing prices in Canada up 5.5 per cent in 2024, according to Royal LePage president and CEO Phil Soper and the firm's 2024 Market Survey Forecast.
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