The agency’s latest housing market outlook report also says housing starts in Canada are expected to decline this year before recovering in 2025 and 2026
The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.
A report last week from the agency showed construction began on 137,915 new units last year across Canada’s six largest cities, as levels remained in line with the past three years due to a surge of new apartments.
Canada Construction Agency Levels Market Report Home Canada Canada Mortgage And Housing Corp. CMHC
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