Metropolitan housing starts: March 2020
The Conference Board of Canada
March 23, 2020
The monthly Metropolitan housing starts publication provides the recent trends in housing starts for 29 metropolitan areas and expectations for starts over both the short and long term.
- There are six census metropolitan areas (CMAs) with positive short- and long-term expectations, the same number as last month.
- The emerging COVID-19 virus pandemic could threaten positive expectations in the short term. More people are likely to delay buying as they self-isolate, and are faced with lower investment returns that could be used for down payments.
- Some of this downward risk, however, will be mitigated by lower interest rates.