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

Langley's Walnut Grove Secondary School lockdown lifted, after rifle prop mistaken for a real one

According to Mounties, "Initial reports advised an adult man entered the front door and was seen carrying what appeared to be a rifle. The school was immediately locked down and secured while numerous police resources rushed to the school".

Langley's Walnut Grove Secondary School lockdown lifted, after rifle prop mistaken for a real one

End time changes and daylight time, experts say

Daylight time, which sees people enjoy an extra hour of daylight at the end of the day starting March 13, ends on Sunday. Experts say the tradition of springing forward and falling back in time every year is taxing on individuals' health.

End time changes and daylight time, experts say

Advocates call on governments to fix health care

The Canadian Medical Association, the Canadian Nurses Association and HealthCareCAN, an association representing health organizations and hospitals, have issued a list of steps governments should take to fix the country’s health-care system.

Advocates call on governments to fix health care

Man hurt in Surrey shooting not expected to live

A police statement says the 24-year-old was shot late Thursday night and was rushed to hospital but is not expected to survive. A second shooting was reported about four kilometres away in the neighbouring municipality of Delta, roughly an hour after the Surrey attack.

Man hurt in Surrey shooting not expected to live

Overnight shooting in Delta injures one, deemed gang related

Via release, police say that this is a targeted shooting and appears to be related to the Lower Mainland Gang Conflict and the victim was the target. The victim has been transported to the hospital for treatment.

Overnight shooting in Delta injures one, deemed gang related

Payments for GST rebate boost to go out today

A bill introduced by the Liberal government to temporarily double the rebate became law last month with unanimous support from opposition parties. The NDP has long advocated for the measure to help low- and modest-income Canadians cope with the rising cost of living.