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Canada Mortgage and Housing Corp.’s Wednesday report on housing starts is projected to show a decline in the number of residential units that launched in June.
Canada Mortgage and Housing Corp.’s Wednesday report on housing starts is projected to show a decline in the number of residential units that launched in June.
(Deborah Baic/The Globe and Mail)

Economists see slower pace of housing construction

Staff

 — The Globe and Mail

Published

Last updated

Two reports this week may help ease concerns of overbuilding in Canada’s housing market.

First, Statistics Canada on Monday releases its report on building permits issued across the country, which BMO Nesbitt Burns forecasts will show an increase of 3 per cent in May, compared with April’s 1.1 per cent. But the May number is expected to be driven by permits for non-residential construction.