Canada’s homebuilding activity continues to lose ground, with national housing starts dipping by 2% last month to 17,691 units—a 4% decline year-to-date. While Montreal and Vancouver saw some growth and Toronto held steady, the overall trend reflects ongoing pressure from high building costs, softer demand, and surplus inventory. These factors could keep new construction on a downward path through 2028. As someone who closely monitors the market here in Brampton and across the GTA, I see how these dynamics shape opportunities and challenges for buyers, sellers, and investors. Staying informed helps us all make decisions that fit the changing landscape.
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