New Year, Same Housing Story
https://www.creacafe.ca/new-year-same-housing-story/ "The big picture with the December 2021 Canadian home sales data was that it was pretty much the same story as in October and November (small gains and low supply). The monthly sales figures didn’t really change from month-to-month in November or December.
But remember: sales jumped more than 9% in October. So, that’s three very strong months of data in a row to finish 2021. As a result, the final quarter of 2021 was close to a sales record—and a seriously strong handoff to 2022.
The question is not whether demand can keep up this pace. The demand is definitely there. The question is whether we’re going to run out of homes for people buy. There were actually fewer homes listed for sale on Canadian MLS® Systems on New Year’s Day 2022 than at any other time in the database’s history going back to the 1980s."