From Josh
Boyce, Blackburn News.
In April, work began on 27 single family homes, compared to the month’s average of 13 over the past decade.
Canada Mortgage and Housing Corporation Market Analyst Anthony Passarelli says it’s due to supply in the resale market not keeping up with demand.
“Currently in the region, and most parts of Ontario, you see that there’s a really low supply of homes listed for sale relative to the amount of buyers out there,” says Passarelli. “When that happens, it makes it easier for new homes to be sold because there’s a shortage of homes listed for sale.”
Thank you for reading.
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