The number of Canadian CMA’s with positive expectations for housing starts increased in August. The latest Conference Board of Canada Metropolitan Housing Starts report showed that 10 census metros have both short and long term positive expectations, one more than in July. All three in BC are rated “up-up”. Toronto, Kitchener–Waterloo, Victoria, Kingston and Windsor saw the biggest year-over-year increase in housing starts while Saint John saw the biggest annual decrease.

Unsurprisingly the Conference Board expects Calgary, Edmonton and Saskatoon to be among the metros with weaker housing starts in the short and long term. Quebec City and Moncton are among the areas with negative ratings short term but a brighter expectation in the long term.
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: