🏡 Mortgage Rates Are Rising — But Not All Rates Are Rising!Why Fixed Rates Are Moving Higher, Why Variable Rates Aren’t — and Why Your Mortgage Strategy Matters More Than EverIf
Dated: April 7 2025
Views: 92

Can We Build Our Way Out?
Eastern Ontario's Housing Crisis Hangs on This 🏗️ 🇨🇦
Here at Parks Real Estate Group, affordable housing in Eastern Ontario is a key concern. Can Canada build enough homes to solve this crisis?
A recent report highlights a critical hurdle: a looming construction labour shortage. Developers warn the immigration system isn't supplying enough workers for essential roles like framers and tilers – vital for timely, affordable builds.
Sue Wastell (Wastell Homes, ON) notes these shortages cause delays and higher prices, impacting Eastern Ontario buyers.
Key Points:
Labour Crunch: Shortage of on-the-job trained construction workers.
Immigration Mismatch: System prioritizes education over crucial trades.
Retirement Impact: Significant workforce retirement expected.
Ambitious Goals: CMHC says 5.8M new homes needed by 2030.
Infrastructure Link: Labour gaps affect vital infrastructure too (Ontario Sewer & Watermain Construction Assoc.).
Government initiatives include advisory councils, immigration system reviews, and funding for training. Provinces like Nova Scotia are also acting.
For Eastern Ontario, labour shortages could mean continued delays and higher housing costs. A strong construction sector is crucial for affordability here. Kevin Lee (Canadian Home Builders' Assoc.) stresses the need for a strong federal response.
As your Eastern Ontario real estate partners, the Parks Real Estate Group is watching closely. A robust construction industry is key to more affordable options for you.
Source: Based on "Can Canada build its way out of a housing crisis?" by Candyd Mendoza (Apr 7, 2025).
#EasternOntarioRealEstate #HousingCrisis #Construction #LabourShortage #AffordableHousing #ParksRealEstateGroup
Meet Rick ParksParks Real Estate Group | Cornwall, SD&G, Brockville & Eastern OntarioBuying or selling a home is one of the biggest financial decisions most people will ever make — and i....
🏡 Mortgage Rates Are Rising — But Not All Rates Are Rising!Why Fixed Rates Are Moving Higher, Why Variable Rates Aren’t — and Why Your Mortgage Strategy Matters More Than EverIf
💔 Divorce, the Family Home & Your Mortgage: What Ontario Homeowners Need to KnowDivorce or separation is difficult enough emotionally. Add a house, a mortgage, accumulated equity, debts and
🏡 Buyers Have Something They Haven’t Had in Years: CHOICE!Why Cornwall & SD&G’s Growing Inventory Could Create OpportunityFor the last several years, one of the biggest
Kevin O’Leary Says Young People Should Wait to Buy Real Estate. I Disagree. 🏡💰Kevin O’Leary has never been shy about giving financial advice — and recently, his views on