Housing starts up 1% in first half of 2023 as apartment starts offset declines: CMHC - constructconnect.com - Daily Commercial News

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OTTAWA — The Canada Mortgage and Housing Corp. says construction of new homes increased slightly across several of Canada’s major cities in the first half of 2023, as the pace of apartment starts helped offset declines in other dwelling types.

Of the six cities examined, CMHC says Vancouver and Toronto were the only ones that saw housing starts increase over the same period last year, recording 49 per cent and 32 per cent gains, respectively, and surpassing levels seen over the past five years.

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