STOREYS: “Significant Gap” Between Home Costs and Borrowing Capacity Could Lead to Price Drops

In National Bank of Canada’s Weekly Economic Watch, the bank highlighted Canada’s housing starts, home prices, and borrowing capacity. There is, at least, some good news on the supply front. Instead of sagging to 255,000 as economists anticipated, the bank says housing starts rose 21,500 to reach 287,300 (seasonally adjusted and annualized), their highest level since last November. Urban starts rose 20,300 to 264,200 on a 22,700 gain in the multi-family segment (to 201,200).

 

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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988