Canada Mortgage and Housing Corp. reports annual rate of housing starts rose in April

The housing agency says the seasonally adjusted annual rate of housing starts in April was 267,330 units, up from 248,389 in March.

The annual rate of multi-unit urban starts rose 14 per cent to 178,092, while the pace of single-detached urban starts increased by one per cent to 67,232.The six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 257,846 units in April, up from 253,226 in March.A for sale sign displays a sold home in a development in Ottawa on Monday, July 6, 2015.

Thanks to new construction houses with 1.5m. Just for townhouse suffering is who own and upgraded /finished basement ,new construction will suffer without sale than realestate market is down or froth came off, this is just game of some new constructors and businessman's

new construction houses selling in reduce cost than I believe market is removing forth , new houses not less than 1.3m. For townhouse, 1.8m. For detached houses that is also without Finish basement and interest rate is high only suffering is who own the house and selling

Actually it is Game of Builders new construction is not reducing price of house but people who bought long back did so many upgrades paid all those years property tax, they are getting less price there houses why? Just terminate,new house also will pay 5% interest rate

Shortly ppl will see as home inventory rises quickly across 🇨🇦 that the low supply argument was BS from the start, just like Bitcoin was supposed to be an inflation hedge LOL look at home listings growth from Jan 2023 - may 2023

It is 'STATS' not 'STARTS' Educate your staff!

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Posthaste: The way the housing market is stalling, the Bank of Canada may have to hit the brakes sooner than expectedICYMI: The way the housing market is stalling, the Bank of Canada may have to hit the brakes sooner than expected — via financialpost housingmarket mortgagerates financialpost if this ruins some real estate agents and brokers let's keep this trend going! financialpost They can't, unless the tail (Canada) has suddenly found a way to wag the dog(United States) financialpost Let it come crashing down .
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Posthaste: The way the housing market is stalling, the Bank of Canada may have to hit the brakes sooner than expectedICYMI: The way the housing market is stalling, the Bank of Canada may have to hit the brakes sooner than expected — via financialpost housingmarket mortgagerates financialpost Rents&real estate REMAIN unaffordable for too many millions.We've an indefensible situation:an essential need,housing,is,due to irresponsible gov'ts,now a luxury.Those who'd defend this are arguing for human rights abuse&serious degradation in quality of life for millions. **** u financialpost Federal MP’s, Provincial MLA’s and bank execs are all real estate investors. They will not let their $millions go away easily.
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