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Canada's Housing Starts Surge 30% Amid Economic Uncertainty

5/16/2025

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Summary

Story summary

Canada's housing market is experiencing a remarkable boom, with housing starts soaring by 30% in April to reach 278,606 units, driven largely by multi-unit developments in urban areas. Montreal led the charge with an impressive 64% increase, while Toronto faced a 25% decline. However, looming economic uncertainties could cast a shadow on future housing trends.

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Story summary

Canada's housing market is experiencing a remarkable boom, with housing starts soaring by 30% in April to reach 278,606 units, driven largely by multi-unit developments in urban areas. Montreal led the charge with an impressive 64% increase, while Toronto faced a 25% decline. However, looming economic uncertainties could cast a shadow on future housing trends.