Housing like the market or economy is in the midst of a very volatile year. For the first time in a while, the housing market is experiencing rising rates, slowing demand and falling prices. Since this is unfamiliar to most people, there is a fear surrounding the housing market. That said, there are a number of factors that should continue to be a ballast against the housing market collapsing. As per the article attached, the two main reasons are: immigration and shrinking household sizes. The flow of new permanent residents is already rebounding from the pandemic low and will continue to rise over the years. The second is the average number of people per household. This has been shrinking for decades which will only require the number of housing units to rise. Both of these factors will play a very important role in building a floor under this correction.

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