Housing starts in Canada cooled in July as higher interest rates from the Bank of Canada\u0027s inflation fight weighed on builders. Read more
. Within this category, the rate of multi-unit starts had a sharper drop of 12 per cent to 193,446, while the pace of single-detached starts had a more modest decrease of four per cent to 41,411.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
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CMHC says annual pace of housing starts fell 10% in JulyOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted their strongest showing so far this year. The national housing agency says the seasonally adjusted annual rate of housing starts in July came in at 254,966 units compared with 283,498 in June. The annual pace of urban starts was down 11 per cent in July at 234,857, while the rate of multi-unit urban starts fell 12 per cent to 193,446 and the pace of singl
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Housing minister says federal government should have stayed in housing gameNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
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Housing minister says federal government should have stayed in housing game - constructconnect.comBURNABY, B.C. — Housing Minister Sean Fraser says the federal government should have never got out of the housing business even as high-income professionals are struggling to find affordable housing. Fraser says federal governments over the past half cen
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July’s “Weakness” In Home Sales, Housing Starts Could Tempt BoC Rate Pause: EconomistHome sales and housing starts lost some steam last month in the wake of back-to-back interest rate hikes, and one economist says that dips in both those indicators could tempt the Bank of Canada to hold its benchmark policy rate steady come September.In a note from Wednesday, Desjardins Economist Ma...
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Housing starts cool in Canada under weight of higher interest ratesBuilding to come under more pressure in months ahead, says economist
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As Canada's housing market cools, which cities are seeing the highest price per square foot?While the latest interest rate hikes might be helping to cool real estate activity in Canada, several smaller markets are seeing an annual increase in the average price per square foot of a home, according to a new survey. CTVNews.ca has compiled a list of cities with some of the most and least expensive home prices, based on the average cost per square foot.
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