National

Drop in housing starts in Vancouver

Darpan News Desk The Canadian Press, 15 Jun, 2023 01:13 PM

Slower housing starts in Vancouver last month were a major contributor to a hefty drop in starts right across the country.

Canada Mortgage and Housing Corporation says housing starts in Vancouver tumbled 45 per cent in May.

The trend in housing starts has been declining steadily since November 2022.

Overall, Canada’s #housing starts saw a 23% month-to-month decline in May. The decrease was driven by declines in multi-unit construction in major markets.

Read more: https://t.co/k5DBbhjlks pic.twitter.com/xWdAerRVph
— CMHC (@CMHC_ca) June 15, 2023

The drop covered all types of projects -- from apartments and condos to other kinds of multi-unit developments -- and the trend was reflected in Montreal, where starts were off 35 per cent, and in Toronto, where starts fell 28 per cent.

Overall, C-M-H-C says housing starts across the country were down 23 per cent when compared with the month earlier.

Prev Next

MORE National ARTICLES

Liberals mum on Japan's invite to timber treaty

The organization currently includes 37 exporters of timber and 38 countries that import it, including all other G7 states. Canada was among the signatories to the 1983 treaty that originally created the organization, but Stephen Harper's Conservative government pulled out of it in 2013.

Liberals mum on Japan's invite to timber treaty

MPs could expand election interference study

Prime Minister Justin Trudeau said last week that Canadian voters alone decided the last federal election, playing down the suggestion that China tried to unduly sway the outcome. The committee has been studying foreign interference in the 2019 federal election since November.

MPs could expand election interference study

First Nation to release school grave search info

The Tseshaht First Nation is presenting its search results in Port Alberni, B.C., after 18 months of planning and operations at the former site of the Alberni Indian Residential School. Tseshaht Nation officials say children from at least 100 Indigenous communities attended the school when it operated from 1900 to 1973.

First Nation to release school grave search info

Man charged in downtown Vancouver shooting

The Vancouver Police Department says the 32-year-old has been charged with attempted murder and discharging a firearm. In an earlier statement after the Sunday afternoon shooting, the department said officers were working on East Hastings Street around 2:30 p.m. when the 31-year-old victim was repeatedly shot.

Man charged in downtown Vancouver shooting

University of British Columbia midwifery expanded

The expansion from 28 to 48 seats, includes a dozen new spots in the bachelor of midwifery program and eight positions in the midwives bridging program, helping internationally educated midwives to become registered to practise in B.C.

University of British Columbia midwifery expanded

Invoking Emergencies Act justified: commission

The 2,000-page report called the "Freedom Convoy" a "singular moment in history" exacerbated by the COVID-19 pandemic as well as online misinformation and disinformation.