Housing Starts Fall 16% In August, Pointing To Construction Slowdown

In August, Canada's housing starts fell by 16% from the previous month, indicating a slowdown in construction activity, according to the Canada Mortgage and Housing Corporation (CMHC). Despite rises in some regions, overall trends show a decrease, particularly in key markets like Toronto and Vancouver. Factors contributing to this slowdown include rising construction costs and decreased builder confidence, notably in Ontario and British Columbia. Regions like Montreal and Calgary are seeing growth or are expected to experience high activity in 2025.