Canadian Real Estate Is Moving From Pent-Up Demand To Pent-Up Supply
Canadian real estate inventory appears scarce, but that might be starting to change. Canadian Real Estate Association (CREA) data shows new listings grew faster than sales in March. A massive amount of sales are actually being met with even more inventory these days. Record sales are due to pent-up and pulled-forward demand, but inventory isn’t. This leads to the possibility that inventory could run longer than sales. If that were to happen, it would ease market pressures without government intervention.
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