As mortgage professionals start their engines in 2022, two problems that have hindered the market in recent years show little sign of slowing – namely, lack of housing supply in Canada and the many challenges facing first-time homebuyers.
Graeme Moss (pictured), founder of the Hamilton, Ontario-based Fair Mortgage Solutions, told Canadian Mortgage Professional that tight inventory was likely to continue driving house prices through the roof, with grim consequences for a first-time buyer cohort that’s found affordable housing increasingly inaccessible in the country’s hottest markets. # SANDI HALPERN # SOLD # LEASED # REAL ESTATE MARKET
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