The Conference Board of Canada released a report March 22 that painted a bleak picture for Canadian housing starts, particularly in 10 markets – including Vancouver.
Those markets were predicted to see decreases in housing starts both in the short and long term.
Vancouver and Victoria are both in this position, as are:
- St John's;
- Quebec City;
- Montreal;
- Trois-Rivieres;
- Sherbrooke;
- Ottawa-Gatineau;
- Kingston; and
- Saskatoon.
The think tank noted that the cities that had the biggest year-over-year increases in housing starts in February were:
- Moncton;
- St. John's;
- Saguenay;
- Abbotsford; and
- Edmonton.
