More Ontarians indicated they are delaying purchasing new or pre-construction homes, and the flight from urban centres due to the COVID-19 pandemic may have reversed, according to a survey by the Ontario consumer protection agency Tarion.
The triple whammy of high demand and building costs, plus elevated interest rates will impact the housing industry across most of Canada through 2024, offering no relief to Canadians seeking entry into the housing market, the CMHC predicts.
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Ottawa, Ontario
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