Housing starts fall in 2023

Housing starts last year were down seven percent in population centres of 10,000 and more, according to the latest Canada Mortgage and Housing Corp. data. In 2023, 223,513 units were recorded, compared to 240,590 in 2022. The decline was attributed primarily explained to a 25 percent drop in single-detached starts. In December, the annualized pace of housing starts rose by 18 percent to 249,255 units, from 210,918 units in November.