AGP Executive Report
Last update: 12 hours agoMortgage Pressure: The Bank of Canada’s first rate hike in three years has raised renewal worries and added fresh uncertainty to Toronto’s already sluggish housing recovery. Affordability: CMHC says inflation-adjusted Canadian home prices have more than doubled since 2005; in 2023 and 2024, the country added nearly five residents for every home completed. Building Costs: A new study finds Vancouver homes sell for more than 4.5 times their construction cost, while homes in Toronto, Calgary and Edmonton cost nearly twice as much to build. Affordable Supply: Ottawa is adding $130 million to improve housing in Inuit communities, while Enoch Cree Nation has broken ground on 166 homes for members.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.