Despite the rise in multiple starts in March, single starts decreased for a second consecutive month suggesting the pace of new home starts will begin to pull back. |
Housing starts across Canada have now been above the 200,000 level for 29 consecutive months. |
Housing starts across Canada remain strong and are on track with our expectations for the year. |
Strong employment and income gains, coupled with low mortgage rates continue to bolster consumer confidence and demand for homes. |
The housing market will continue to moderate both this year and next as demand for home ownership eases toward more sustainable levels. |