New Home Construction Is COLLAPSING In Canada

Canada’s four-year housing slowdown is beginning to produce a consequence that could reshape the market for years to come: the country is building fewer homes at precisely the time long-term supply remains one of its biggest challenges. New housing starts fell 5% month-over-month and a striking 22% from a year ago. British Columbia’s numbers are even more dramatic, with starts down 14% in a single month and 47% year-over-year. Strip out rental construction and housing starts intended primar...