Supply of lower-priced homes remains low for January

The level of new listings in January fell to the lowest levels
seen since the late 90s. While new listings fell in nearly every price range, the pace of
decline was higher for lower-priced properties.
At the same time, sales activity did slow compared to the high levels reported last year but
remained consistent with long-term trends. However, there has been a shift in the
composition of sales as detached homes only comprised 47 per cent of all sales.

More stations, more service, more connections

GO Expansion program will see 80% of residents live within two kilometers of rapid transit. By building over 200 kilometers of new track and electrifying 600 kilometers of track across the region, the GO Expansion project will result in over 200 million boarding a year by 2040 across the GO rail network. We’re improving service now and into the future so transit will help York and Simcoe grow.

After a year of consistent interest rate hikes and stubbornly high inflation, housing construction slowed across Canada in December.According to recent data from Statistics Canada (StatCan), the total value of building permits issued in December fell to $10.3B, a monthly decline of 7.3% and down 9.3% from a year prior.
Looking at 2022 as a whole, the total current dollar value of building permits increased 6.8% annually; however, StatCan noted the increase was “largely the result of inflated valuations from persistent material and labour cost increase.” Adjusted on a constant dollar basis, the total value dropped 6.6%.