By 2030, the US housing market is expected to face a significant shift as the pool of potential buyers shrinks due to a decline in births and immigration. This trend could impact Canada buyers who rely on the US market for investment and supply.
What the numbers show
According to a new white paper from the Mortgage Bankers Association, the US population is projected to start shrinking by 2030 due to a decline in births and immigration. This could lead to a slowdown in household formation and a subsequent increase in housing supply.
What it means for you
As the US housing market shifts, Canada buyers may face increased competition for a shrinking pool of homes. This could lead to lower prices and more opportunities for buyers, but also increased supply and potentially lower demand for Canadian homes.