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New Home Construction Fell Across Canada in 2023

Toronto and Vancouver Buck National Home Construction Trend Driven by Multiunit Buildings
CMHC's head office in Ottawa. (CoStar)
CMHC's head office in Ottawa. (CoStar)
CoStar News
January 18, 2024 | 4:45 P.M.

New home construction across Canada declined 7% in 2023 from the prior year, a drop in the number of apartments and houses getting built as the federal government further emphasizes the need for more supply.

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