Tag: housing demand

‘Unprecedented Swing in Housing Demand’: Report Says 995,000 Arrivals to Canada Straining Housing Supply

January 30, 2023
Canadahousing demandpermanent residentsrefugeeUkraineWorld
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Nearly 1 million newcomers who arrived in Canada last year are creating an “unprecedented” surge in housing demand that is “not fully reflected” in official records, a report by the CIBC says. Released on Jan. 25, the report, titled “Housing Demand from Newcomers Even Stronger Than Perceived,” said the total number of permanent residents (PRs)…

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Zillow Revises Home Price Appreciation Forecast, New Prediction Down 8 Points

July 5, 2022
Business & Marketseconomyhome buyershousing demandreal estateU.S. home pricesUSUS Real EstateZillow
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Home prices in the United States, which are showing signs of cooling following a pandemic-recovery spike, are now expected to rise at a slower rate than previously predicted, according to real estate marketplace firm Zillow. In its March report, Zillow predicted home prices would rise 17.8 percent year-over-year by February 2023. In its latest forecast…

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