New housing construction is projected to remain subdued through the end of the year and into 2027, according to a new report by the Canada Mortgage and Housing Corporation (CMHC).
“Housing starts will continue to fall throughout the forecast period due to weak demand, high costs and elevated inventories,” the CMHC said in a July 22 report first covered by Blacklock’s Reporter.
The CMHC said housing prices are adjusting to weak housing demand and muted sales, which are weighing on new construction. It said housing starts will decline further through 2026 as “builders continue to respond to unsold inventories and high construction costs.”…