New home construction is up in Canada's 6 largest cities, but supply gap persists

The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities rose four per cent year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.

New home construction is up in Canada's 6 largest cities, but supply gap persists
A construction crew works on a house. A yellow scaffolding structure is in front of the house and construction people are standing on it.

The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities rose four per cent year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.