Aug 18, 2026
Housing starts missed estimates in July, falling to 229K on continued multi-unit softness…
… and down on a Y/Y basis, with broad-based weakness in all key provinces except Quebec.
Unabsorbed inventory took another step higher during the month, with the time on market rising sequentially…
… while construction grinded lower alongside absorption rates, continuing the trend we’ve been seeing in recent years…
… where purpose-built rental has been the only category to show strong growth.
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