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Published 28 days ago

Lower housing starts forecast in 2024 before recovering over next two years

Summary by Benzinga
OTTAWA, ON, April 4, 2024 /CNW/ - After reaching historically high levels in recent years, housing starts in Canada are expected to decline in 2024, before recovering in 2025 and 2026, reflecting the lagged effect of higher interest rates on new construction. This according to the latest Housing Market Outlook (HMO) released by Canada Mortgage and Housing Corporation (CMHC). The HMO provides overviews and forecasts for new home construction, ren…

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