Quote:
Originally Posted by MolsonExport
Anyone surprised that Montreal's housing starts are higher than Toronto's? Evidently skewed by apartment construction, but nevertheless?
|
I think it's mostly that the collapse in condo presales hasn't had much effect in Montreal, but it's flattened new housing growth in Toronto. In 2023, the Toronto CMA had about 25,000 starts from Jan-June, and last year about 22,000. That's down to only about 12,500 this year.
Beyond the larger cities cited above, Toronto is being creamed on a per-capita basis by cities including but not limited to Quebec City, Kelowna, Moncton, Halifax, Regina, Saskatoon, Victoria, Winnipeg and others.