As shown by our Canadian Real Estate Association and LSTAR, 2021 has been the year with the highest Real Estate Sales Activity among the last ten years and, the lowest yearly inventory.
Most of us have experienced the consequences of a hot Demand combined with low-interest rates and lack of enough inventory.
There are some initiatives in the works to help this situation, possible higher interest rates, creation of a new tax for houses above $1,000.000, increase in the % Down payment to Investors.
The year is just starting, stay tuned for the new events.
Meanwhile please see below for a summary of the market behavior in 2021.