Canadian housing starts not enough to boost affordability [Wealth Professional (Canada)]
Cabot Corporation (CBT)
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Source: Wealth Professional
The graph showing Canadian housing starts in 2024 looks a little like a mountain range, given the prevalence of peaks next to valleys, but is there any good news for affordability? While sales were up last month by almost 8% month-over-month , helped by rate cuts, listings were down 3.5% and prices were essentially flat, meaning challenging times for those hoping to get a foothold on the housing ladder. New data from the Canada Mortgage and Housing Corporation shows that the six month moving average (of the seasonally adjusted annual rate) for all housing starts nationwide was essentially flat in October at 243,522 units. When looking at urban centres – and comparing the actual housing starts year-to-date (up to the end of October) last year to this year, there was also little change – 188,567 in 2024 vs. 187,722 in 2023. There was a 6% rise in the monthly SAAR for total urban units but this was driven by a 7% gain for the multi-unit segment compared with just 1% for single-d
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News
- UV Stabilizers Market to Reach $1.90 Billion by 2031 - Exclusive Report by Meticulous Research® [Yahoo! Finance]Yahoo! Finance
- Build by numbers to address housing shortages [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Federal government invests in new affordable homes in Windsor [Yahoo! Finance]Yahoo! Finance
- CMHC reports annual pace of housing starts up eight per cent in October [BNN Bloomberg (Canada)]BNN Bloomberg
- CMHC reports annual pace of housing starts up eight per cent in October [Yahoo! Finance Canada]Yahoo! Finance Canada
CBT
Earnings
- 11/4/24 - Miss
CBT
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- CBT's page on the SEC website