21
CMHC says rate of housing starts posts largest month-to-month increase in a decade
(www.thestar.com)
this post was submitted on 18 Jul 2023
21 points (100.0% liked)
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Would love to see a breakdown that shows how many of the starts are affordable housing units, because as it stands if they're mostly/all for-profit it doesn't help much at all.
It doesn't get specifically into how many are affordable units, however,
[Emphasis mine]
That is perhaps a good sign.
I work in construction in southern Ontario and we specialize in luxury condos, which is what I thought of when I read this. We are so busy right now, there are so many of these buildings going up. I feel like a lot of those units are still unaffordable for most. Even tiny little 1 bedroom units were advertised as starting in the low 600s. Hopefully that's just personal bias and they are affordable housing units.