Heading into Q2-2024, Ontario's real estate landscape sees a shift towards the rental market due to declining home sales. Challenges like high construction costs and labour shortages impact builders, while buyers face barriers like rising interest rates and inflation. The demand for rental properties is increasing, especially with Canada's immigration policy. Builders are encouraged by new tax incentives to invest in purpose-built rental developments. The focus is now on developing quality, affordable rental housing to meet the changing market demands.
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