Canada’s Condo Supply Crunch Ahead?

Condo presales have fallen dramatically in major cities, reducing developer confidence and making it harder to launch new housing projects.
Many builders are postponing developments because current sales volumes no longer support construction financing requirements.
Experts warn today's project cancellations could create ownership housing shortages several years from now.
Rental construction remains strong, but fewer condominium completions may limit future opportunities for first-time homebuyers.