Housing construction across Canada took a step back in July, with housing starts dropping 5% to 229,074 units. Urban centers felt this shift more deeply—Vancouver experienced a 42% decrease, Toronto saw a 10% dip, while Montreal bucked the trend with a 3% increase. Interestingly, completions actually rose by 8.1%. While the current pace of new building may remain subdued, these shifts signal important trends for both buyers and sellers. As someone who has watched the market closely in Vancouver and the surrounding areas, I see how these numbers can impact your real estate decisions, whether you’re looking to buy, sell, or simply stay informed.
Continue to full article
Leave a Reply