Canadian housing supply drops to record lows

Despite tight housing supply, the National Bank of Canada finds most markets saw declines in mortgage payments as a percentage of income.

Canada’s housing supply has reached record lows in the first three months of this year, a new report has found. National Bank of Canada’s Housing Affordability Monitor report revealed that its metric for housing supply was below the previous record low set in the late 2000s by a wide margin in the first quarter of 2024. Read More