Housing Starts, Canada

Housing Starts, Canada

The CMHC report showed single-unit starts rose 0.9 per cent while multiple-units, typically condominiums, rose 0.1 per cent. Canada’s condo market has cooled since 2012 after a multi-year boom, and is widely expected to cool further as unsold inventory comes onto the market.
June’s strength in housing starts was led by the prairie provinces which are benefiting from a booming resources sector and where an influx of workers has meant a shortage of housing in several cities.
Starts declined in Quebec, Ontario and British Columbia, and were up in the small Atlantic market.

Canada Housing Starts

The CMHC report showed single-unit starts rose 0.9 per cent while multiple-units, typically condominiums, rose 0.1 per cent. Canada’s condo market has cooled since 2012 after a multi-year boom, and is widely expected to cool further as unsold inventory comes onto the market.
June’s strength in housing starts was led by the prairie provinces which are benefiting from a booming resources sector and where an influx of workers has meant a shortage of housing in several cities.
Starts declined in Quebec, Ontario and British Columbia, and were up in the small Atlantic market.

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