The Housing Start, Home Price and Labour Market Connection in February
Abstract:
It is a little early in the year to be drawing profound conclusions from the year-to-date housing start figures for Canada’s 33 Census Metropolitan Areas (CMAs). Nevertheless, this article includes some observations that encompass the latest numbers on housing starts, home prices and labour markets. At this point in the year, it is probably best to concentrate on the largest cities − Toronto, Montréal, Vancouver, Ottawa-Gatineau, Calgary and Edmonton.
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It is a little early in the year to be drawing profound conclusions from the year-to-date housing start figures for Canada’s 33 Census Metropolitan Areas (CMAs). Nevertheless, this article includes some observations that encompass the latest numbers on housing starts, home prices and labour markets. At this point in the year, it is probably best to concentrate on the largest cities − Toronto, Montréal, Vancouver, Ottawa-Gatineau, Calgary and Edmonton.