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The monthly Metropolitan Housing Starts publication provides the recent trends in housing starts for 28 metropolitan areas and expectations for starts over both the short and long term.
There are 10 CMAs where expectations are positive for both the short and long terms—one fewer than last month.
Toronto’s short- and long-term expectations remain positive, but recent weakness in the resale market could spill over into new home construction.
The CMAs with the biggest year-over-year declines in housing starts in May were London, Oshawa, Windsor, St. John’s, and Québec City.
Regina had the biggest year-over-year increase in housing starts last month.
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