“There’s pent‑up demand that built for two years. As rates stabilize, buyers who were waiting – and there are a lot of them – are re‑entering. The question for developers and sellers alike is whether supply can respond fast enough.”
Those supply worries are not confined to the resale side. Canada Mortgage and Housing Corporation estimated the country needs roughly 3.5 million additional homes by 2030, on top of current construction pipelines, to restore affordability.
Pipeline risks and missing middle gap
TRREB chief executive John DiMichele said the region faces a medium‑to‑long‑term risk if new construction fails to keep pace.
“The GTA housing supply pipeline is in danger of running dry in the medium-to-long term,” DiMichele said.
“The federal and provincial governments announcements on HST and development charge relief were important affordability policy initiatives designed to spur new home sales and construction. It will be important to ensure that the right types of homes are built, namely ‘missing middle’ home types bridging the gap between condos and traditional single-family homes.”