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CA housing starts up 2% in 2024 from 2023
Nationally, actual 2024 housing starts were up 2% in centres of 10,000 population and over, with 227,697 units recorded, compared to 223,513 in 2023, according to Canada Mortgage and Housing Corporation (CMHC). Combined with an estimated 17,423 actual rural housing starts, the total for all areas in Canada in 2024 was 245,120, also up 2% compared to 2023. This increase is primarily explained by historically high rental construction levels and overall increased starts in Alberta, Québec, and the Atlantic provinces. Canada’s six largest Census Metropolitan Areas (CMAs) saw a combined 3% year-over-year decrease from ... (full story)