Ottawa saw the fewest housing starts in 25 years during the first half of 2023, as price increases and high mortgage rates reduced demand for freehold housing, according to a new report.
Carpenters work on new home in a newly constructed subdivision in Ottawa on Wednesday, Oct. 20, 2021.
"For example, the number of housing starts in the first half of 2023 outpaced starts from the same period in most years before the pandemic." CMHC says condominium starts increased seven per cent in Ottawa, while rental starts jumped 61 per cent. Why a man in a wheelchair and a 70-year-old superhero rappelled down the side of a 17-storey building
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