Canada's Housing Market Shows a Decline in Annual Housing Starts for June
Tuesday, 16 July 2024, 12:34
Annual Housing Starts Decline
In June, Canada's CMHC reports a 9% decrease in the seasonally adjusted annual rate of housing starts, with the figure dropping to 241,672 units from 264,929 in May.
Signs of Market Slowdown
This decline signals a potential slowdown in the housing market activity, urging investors and analysts to closely monitor these developments.
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.