The 20% drop attributed to decline in multiple starts,
especially in Toronto’s condominium segment.
The Canadian construction industry may have been the engine of economic growth for much of this decade, but recent figures show that it hasn’t been firing on all cylinders. Canadian housing starts cratered by a much-greater-than-expected 19.9 per cent to 117,400 annualized units [...]
Tags: activity, Alexander, Association, Canada, cent, condominium, construction, drop, economist, half, home, housing, Ian Pollick, Industry, market, Moishe, Moishe Alexander, Ontario, point, province, Robert Kavic, segment, Spring, tax, Tony Wong, Toronto, Western Canada, year, yesterday
Category: Canada, Housing Starts, Uncategorized | Comments Off