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Claridge Homes chief financial officer Neil Malhotra said higher mortgage rates, rising construction costs due to inflation and a new bylaw that hikes the fees developers pay to the city in lieu of parkland at highrise building sites have combined to make large-scale development projects a risky proposition. ....
Builders in Ottawa launched 11,032 new housing units last year, an eight per cent increase from 2021, the national housing agency says in its latest Housing Supply Report released Wednesday. ....
Housing starts declined 16 per cent in the city of Ottawa during the first half of the year, as interest rate hikes and rising costs affected construction activity. ....
The Canada Mortgage and Housing Corporation s (CMHC) latest Housing Supply Report says that housing starts in Canada s six largest cities fell by five percent in the first half of this ....
/CNW/ - After a boom recorded in 2021, housing starts in the country s six largest census metropolitan areas (CMAs) fell 5% in the first half of 2022. The. ....