Declining mortgage rates, strong population growth will help spur a rebound in sales and prices
CMHC says construction of new homes in Canada's six largest cities remained near all-time highs last year
Desjardins and CIBC examine both near- and long-term challenges
Single-detached urban starts contributed to the increase
New policy will apply to new rental housing units such as apartment buildings, student housing and senior residences
Monthly seasonally adjusted annual rate of housing starts in September came in at 270,466 units, up from 250,383 in August
Modest declines in residential construction plans, total monthly value of non-residential permits rose 14.8% to $5.0 billion
The supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia
Seasonally adjusted count of new starts comes in at 254,966 units in July, compared with 283,498 in June
Increase in residential permit activity ends three straight quarterly declines