Multiple starts up sharply in Quebec, CMHC reports
Economy to expand only moderately, interest rates to remain low
Higher activity in Ontario and Atlantic Canada
Average equity of homeowners in their homes edges higher
Urban single-house starts were down 9%
Market has shifted to a more balanced position as listings have increased and prices are expected to remain flat
Some economists see signs of overbuilding in Canada’s housing market
Expect a softening in housing starts as home prices moderate and the Bank of Canada resumes its tightening cycle
Signs of soft landing in housing intensify
Strong increase in urban multiple starts in Ontario as other regions drop