Here’s a quick market insight: July saw Canadian housing starts drop by 5%, landing at 229,074 units. Urban markets felt it most, with a 19% year-over-year decline. Vancouver, in particular, experienced a significant 42% decrease, while Toronto was down 10%. Interestingly, Montreal moved in the opposite direction, rising 3%. While completions actually rose 8.1%, new construction is expected to stay on the subdued side for now. For those navigating Metro Vancouver’s dynamic landscape, understanding these numbers is essential—they shape not just today’s buying and selling opportunities, but how we plan investments and renovations for the future. My commitment is to keep you updated on every market shift, so you can make informed real estate decisions with confidence.
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