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New housing construction rises across country

But number of new homes underway remains well short of demand
Home construction was on the rise in 2024 but fell short of targets set by the Canada Mortgage and Housing Corp. (Getty Images)
Home construction was on the rise in 2024 but fell short of targets set by the Canada Mortgage and Housing Corp. (Getty Images)
CoStar News
January 16, 2025 | 9:56 P.M.

New home construction of all housing classes has risen 2% across the country, but the Canada Mortgage and Housing Corp. said the increase to the third-highest number ever still falls short of what is needed.

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