Canada’s building boom is slowing, but still very much alive–even without population growth. Canada Mortgage and Housing Corporation (CMHC) data shows housing starts slipped in June. BMO Capital Markets wrote to investors, explaining volumes of new housing aren’t a concern. However, they note Canada is building a “nation of rentals,” as most new units will be for purpose-built rentals (not homeowners) for the first time ever.
Canadian Real Estate Is Building A “Nation of Rentals”: BMO
