If you've been house-hunting this year, you may have noticed that it's been slim pickings for listings on the MLS. 

House listings across the country have been steadily declining for 6 years and are now less than half what they were in 2015:

How did we get there? From the 1970s through to the 2010s, Canada grew by an average of 3.1 million people and built on average 1.3 million new single-family homes each decade.

But then in the 2010s, population growth surged to 4 million but new homes built fell to less than 1.1 million:

Unfortunately for prospective buyers, this shortage of single-family homes may persist until we see a substantial increase in construction activity.

If you want to discuss, reach out anytime, always happy to chat.