Apartment construction surged last year but demand still outpacing supply, says CMHC

A surge in new apartment construction drove housing start increases in several major Canadian cities last year, but demand continues to outweigh supply, according to a report released Wednesday by the federal housing agency.

Apartment construction surged last year but demand still outpacing supply, says CMHC
Aerial (drone) images of condo and apartment construction in Toronto's west end during sunrise.

A surge in new apartment construction drove housing start increases in several major Canadian cities last year, but demand continues to outweigh supply, according to a report released Wednesday by the federal housing agency.