Sep 17, 2026
Housing starts missed estimates in August, stabilizing at 229K despite a continued slowdown in multi-unit activity…
… and decreasing slightly Y/Y on a mixed bag at the provincial level, with declines in Ontario partly offset by strength in Quebec.
For the first time in a while, unabsorbed inventory inched lower M/M…
… while new multi-unit absorption improved, as the grind lower in construction activity decreases new condo supply…
… and allows purpose-built rental to keep taking share.
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