Nearly 1 million newcomers who arrived in Canada last year are creating an “unprecedented” surge in housing demand that is “not fully reflected” in official records, a report by the CIBC says. Released on Jan. 25, the report, titled “Housing Demand from Newcomers Even Stronger Than Perceived,” said the total number of permanent residents (PRs)…
‘Unprecedented Swing in Housing Demand’: Report Says 995,000 Arrivals to Canada Straining Housing Supply
Zillow Revises Home Price Appreciation Forecast, New Prediction Down 8 Points
Home prices in the United States, which are showing signs of cooling following a pandemic-recovery spike, are now expected to rise at a slower rate than previously predicted, according to real estate marketplace firm Zillow. In its March report, Zillow predicted home prices would rise 17.8 percent year-over-year by February 2023. In its latest forecast…
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