Data show homebuilding continues to come up short in some parts of country, including several metro regions

You can save this article by registering for free here. Or sign-in if you have an account.

By: Jock Finlayson

Subscribe now to read the latest news in your city and across Canada.

Subscribe now to read the latest news in your city and across Canada.

Create an account or sign in to continue with your reading experience.

Create an account or sign in to continue with your reading experience.

At a time when Canadians are grappling with historic housing supply and affordability challenges, the data show that homebuilding continues to come up short in some parts of the country, including in metro regions where most newcomers to Canada settle.

In both the Greater Toronto Area and Metro Vancouver, housing starts have fallen below the levels needed to close supply gaps that have opened since 2019. Residential real estate sales have also been sluggish in some parts of the country. A fall-off in real estate transactions tends to have a delayed negative effect on construction investment — declining home sales today translate........

© Windsor Star