Canada budget 2024: Housing strategy could inflict short-term pain, say industry watchers

industries, but some are questioning whether the efforts might make the country’s affordability issues worse in the short term.

“Initiatives aimed at making it easier for young Canadians to enter the market are welcome…. However, without a material increase in supply, further upward pressure will be placed on home prices,” Yoevski said in an email.chief market analyst Jason Mercer, also expressed concern about the anticipated rise in demand over the next few years.

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Canada budget 2024: Housing strategy could inflict short-term pain, say industry watchersFederal budget proposes increasing RRSP withdrawal limit for first-home buyers and extending mortgage amortization
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