Higher interest rates resulted in 30,000 fewer housing starts last year: CMHC
Higher interest rates resulted in 30,000 fewer housing starts last year: CMHC
OTTAWA — A report by Canada Mortgage and Housing Corp. says higher interest rates decreased housing starts by about 30,000 units last year. The slowdown in new construction amounted to a 10 to 15 per cent reduction in the number of new starts for the yea...