Surge in apartment construction boosted housing supply last year, says CMHC

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A surge in new apartment construction drove housing start increases in several major Canadian cities last year, but supply continues to outweigh demand, according to a report released Wednesday by the federal housing agency.

Supply still outweighs demand, and some major cities saw drop in total startsJenna Benchetrit · CBC News · Posted: Mar 27, 2024 10:40 AM EDT | Last Updated: 23 minutes ago

A construction site is shown in Toronto. A surge in new apartment construction drove housing start increases in several major Canadian cities last year, but supply continues to outweigh demand, according to a
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