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Published 1 month ago

Housing starts stable in 2023, but demand still outpaces growing supply of apartments

  • Housing starts in major Canadian cities dropped by 0.5% from 2022, totaling 137,915 units.
  • The report was released by the agency biannually on Wednesday.
  • The regions studied include Toronto, Vancouver, Montreal, Calgary, Edmonton, and Ottawa.
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CTV NewsCTV News

Housing starts stable in 2023, but demand still outpaces growing supply of apartments

The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments -- despite demand still outpacing supply for rental housing.

1 month ago·Canada
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CBC NewsCBC News

Calgary breaks all-time record in housing starts but increasing demand keeps inventory low

According to the latest report from the Canada Mortgage and Housing Corporation, total housing starts in Calgary increased by 13 per cent, reaching a total of 19,579 units with growth across all dwelling types in the city.

1 month ago·Canada
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CNBCCNBC

Mortgage demand stalls, even as interest rates moderate

The usually busy spring housing market is underway, but mortgage demand isn't moving.

1 month ago·United States
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BenzingaBenzinga

Apartment construction sustains housing starts in Canada's Largest cities

OTTAWA, ON, March 27, 2024 /CNW/ - A surge in apartment construction, particularly in Toronto, Vancouver, and Calgary, more than offset declines in single-detached and semi-detached construction, causing the overall level of new home construction in Canada's six largest cities for 2023 to remain virtually unchanged from 2022. This according to the latest Housing Supply Report (HSR), released today by Canada Mortgage and Housing Corporation (CMHC…

1 month ago·New York, United States
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Financial PostFinancial Post

Housing starts stable in 2023, but demand still outpaces growing supply of apartments

The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments _ despite demand still outpacing supply for rental housing.

1 month ago·Canada
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Airdrie City ViewAirdrie City View

Housing starts stable in 2023, but demand still outpaces growing supply of apartments

OTTAWA — The Canada Mortgage and Housing Corp.

1 month ago
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