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New construction of housing declines in Canada

Rate in Toronto falls 41%, led by decreases in new multiunit builds
The Vancouver area is expected to gain about 1,000 new housing units in this three-building Beedie project. British Columbia's largest city has been one of the few bright spots in Canada's housing starts. (Beedie)
The Vancouver area is expected to gain about 1,000 new housing units in this three-building Beedie project. British Columbia's largest city has been one of the few bright spots in Canada's housing starts. (Beedie)
CoStar News
February 18, 2025 | 8:16 P.M.

Canada will see a slowdown in housing starts until 2027 due to the decline in new condominium projects, according to the Canada Mortgage and Housing Corp.

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