Canada Mortgage and Housing Corp. Reports 9% Drop in Housing Starts for June
Tuesday, 16 July 2024, 15:20
CMHC Housing Starts Report
The annual pace of housing starts saw a 9% decline in June, as per Canada Mortgage and Housing Corp. (CMHC) data.
Key Points:
- 9% Decrease: June numbers were down significantly compared to May levels.
- Real Estate Market Concerns: The drop raises questions about the stability and future direction of housing activity.
- Industry Impact: Stakeholders need to monitor market conditions to adjust strategies accordingly.
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.