With a new year now underway, Canadians can expect to see a variety of changes coming to federal, provincial and local government housing legislation in 2024. From updated taxes to revised urban planning regulations, new housing laws and policies will roll out across the country in the coming months. Several of these policies promise to boost much-needed housing supply, which remains at a critical shortage in both the resale and rental segments. The new housing policies you should know about in 2024 can be found here.
In this month’s edition of our Real Estate Facts & Figures, we have put together the stats for January 2024 including the latest Royal LePage Market Update Report.