Decline in Canadian Housing Starts for June Reported by CMHC
Tuesday, 16 July 2024, 12:27
Canadian Housing Starts Decline
The Canada Mortgage and Housing Corporation (CMHC) has released data showing a 9% decrease in housing starts nationwide for June.
Market Slowdown Indicated
This decline highlights a potential slowdown in the housing market, which could impact various industry players.
- Builders are likely to see a decrease in new projects.
- Buyers may encounter a shift in market conditions.
The report urges a nuanced assessment of economic factors affecting the housing sector.
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.