Lower sales forecast will cost economy $1 billion in lost economic activity, association says
The six-month trend has reached its highest level in years
In Vancouver, the annual pace of housing starts nearly doubled
CMHC’s quarterly housing market assessment highlights markets in Toronto, Hamilton, Vancouver, Victoria and Saskatoon
A drop in multi-unit urban starts more than offset an increase in single-detached urban starts
Toronto hits poorest level ever
Other “bubble risk” cities include Stockholm, Munich, Sydney, London, Hong Kong and Amsterdam
Home sales forecast to drop in 2018 to lowest level in three years, says CREA
Risks to household wealth, consumer appetite and investment remain.
CMHC says the annual pace of housing starts in in August increased compared with July