Unveiling the Exciting Rise of Homebuilding in Select Canadian Cities for 2023, But Could It Be Short-Lived? Insights by CMHC
Higher borrowing costs are expected to drive drastic slowdowns in homebuilding for Canada’s largest urban centres after a surge in activity that started the year, according to the Canada Mortgage and Housing Corp. The CMHC’s mid-year housing supply report released Thursday shows Canada’s six largest housing markets had wildly different paces of homebuilding in the …