Canada Faces Housing Supply Crisis in 2024

Experts predict that 2025 will be a pivotal year for Canada’s housing market, particularly in Ontario, where a severe supply shortage is driving residents to other provinces. The decline of the Canadian dollar, influenced by external factors such as Donald Trump's tariff threats, reflects underlying economic weaknesses tied to high household debt and stagnant investment. Meanwhile, the Republican Party is reportedly gaining ground in battleground districts, with shifts observed that could favor GOP candidates in the upcoming 2026 elections. In New York, Chobani is set to establish its global headquarters, featuring a community kitchen and innovation center aimed at addressing hunger. Positive sentiments persist in the real estate market, with expectations of strong performance despite rising affordability concerns. The housing landscape, influenced by economic conditions and political dynamics, is poised for significant developments in the coming year.