Over the past few years, I’ve been on a fitness journey that has been both incredibly rewarding and undeniably challenging—largely due to various conditions and injuries. One of the most valuable lessons I’ve learned is that consistency matters far more than intensity. Having a clear plan and strategy is essential, but it’s the perseverance—the ability to keep showing up day after day, even in the face of setbacks and adversity—that truly drives progress.
The principle of perseverance extends far beyond fitness.
As a Realtor navigating today’s ever-evolving market, I’ve seen firsthand how vital perseverance is. The current lack of housing inventory has made it increasingly difficult for buyers to find and secure homes. In times like these, a solid strategy, open communication, mutual trust, and unwavering determination make all the difference. Even when challenges arise, staying committed and pushing forward has proven time and again to be the key to success. I’ve had the privilege of helping many buyers find and close on homes in this competitive market, and it’s incredibly rewarding to witness their perseverance pay off.
I’m often asked about the reasons behind the current housing shortage, so I’ve included some insights below. If you’re thinking about selling, now is an excellent time to take advantage of low inventory and high demand. And if you’re considering buying, I’m here to help you navigate the process with confidence.
We’ve got this—just the right strategy, a ton of trust, and the drive to make it all happen.
Contributing Factors Leading to the Housing Shortage in Canada:
Pandemic-Related Factors:
Remote work and record-low interest rates.
Rapid Population Growth and Immigration:
Canada has seen a significant increase in population, particularly through immigration, leading to increased demand for housing, especially in urban areas.
Housing Supply Shortage:
The number of new homes being built hasn’t kept pace with the growing demand, leading to a shortage of available housing units.
Rising Construction Costs:
Increased costs for materials, labor, and land have made it more expensive to build new homes, further contributing to the shortage and affordability issues.
Financial Gain:
The housing market has become increasingly dominated by investors and financial institutions, who view housing as a means of profit rather than a basic need.
Lack of Affordable Rental Options:
The conversion of rental properties into short-term rentals or owner-occupied units, coupled with rising rents, has made it difficult for many Canadians to find affordable rental housing.
Lack of Tradespeople:
A shortage of skilled workers in the construction sector can lead to higher costs and slower construction timelines.