Expect Canadian real estate market to come ‘unstuck’ in 2024 – Yahoo Canada Finance

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Global News

New housing starts down 22% last month: CMHC

According to the Canada Mortgage and Housing Corporation (CMHC), there are some troubling real estate numbers that could cause more financial strain for Canadians in the years to come. In November, Vancouver and Toronto saw a nearly 40-per cent drop in new housing starts, while Montreal saw a 30-per cent cut. As Mackenzie Gray reports, the sharp drop is putting more pressure on the housing crisis and the federal government.


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