CMHC Foresees Stable Housing Market Into Year-End

The latest numbers from CMHC reveal a continued slowdown in housing starts as we approach year-end. Over the past six months, Canada saw a 1.3% decline, bringing the total to 244,149 units, with a consistent monthly pace of 229,000. Year-to-date, starts have fallen 4%. Interestingly, Montreal and Vancouver posted increases, while Toronto remained steady. Meanwhile, completions dropped by 11.2%. As someone who closely follows the trends in Vancouver and the surrounding areas, I’m keeping a close eye on how these shifts may impact both buyers and sellers locally. Staying informed on these changes is key to making confident real estate decisions.