Housing starts in New Brunswick lagging further behind Maritime neighbours in early 2024 cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
The Canada Mortgage and Housing Corporation (CMHC) says the record-breaking population growth in Nova Scotia is preventing the province from meeting housing demands.
Construction crews started work on more new housing units in Nova Scotia in the first three months of 2024 than during any first quarter on record. Experts say it's a good sign, but building rates need to increase further to accommodate the province's growing population.
The housing vacancy rate for 2023 in the Cape Breton Regional Municipality (CBRM) was 0.8 per cent, according to Canada Mortgage and Housing Corporation (CMHC).
Cape Breton's vacancy rate has plummeted to 0.8 per cent, the lowest in the province, according to the Canada Mortgage and Housing Corporation.That's down from 1.5 per cent in 2022, and 6.1 per cent in 2021.The data is from the agency's fall count, which also shows that the overall vacancy rate in the province is 1.1 percent. Nova Scotia and Prince Edward Island were tied with the lowest rates in the country."I think in the case of Cape Breton, it's a situation of higher demand and not enough su