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Canada's housing starts rose 3% in January, but CMHC predicts a future slowdown due to trade risks.
Canada's housing starts increased by 3% in January, driven by a rise in multi-unit housing in Quebec and British Columbia, according to the Canada Mortgage and Housing Corp. (CMHC).
Despite the growth, CMHC warns that potential trade risks with the U.S. add significant uncertainty to the housing market's outlook.
The agency predicts a slowdown in housing starts from 2025 to 2027 due to fewer condominiums being built.
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La vivienda de Canadá comienza a subir un 3% en enero, pero CMHC predice una desaceleración futura debido a los riesgos comerciales.