Decline of 9% in June Housing Starts Strain Canadian Market
Tuesday, 16 July 2024, 15:46
CMHC Report: Canada Housing Starts Dive 9% in June 2024
The Canada Mortgage and Housing Corporation (CMHC) announced a notable 9% decrease in the annual pace of housing starts in Canada for June.
Key Points:
- Market Impact: Significant decline affecting the Canadian housing market.
- Concerns: Industry experts raising questions about market stability.
- Analysis: Evaluating the implications of the housing start downturn.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.