Rental housing leads record growth in Canada's largest cities in 2024 [Wealth Professional (Canada)]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Wealth Professional
The latest Housing Supply Report (HSR) from Canada Mortgage and Housing Corporation (CMHC) reveals that housing starts in Canada's six largest census metropolitan areas (CMAs) increased by 4 percent in the first half of 2024 compared to the same period in 2023. A total of 68,639 housing units were started, up from 65,905 units in the first half of 2023. Calgary, Edmonton, and Montréal led this growth, driven primarily by significant increases in rental construction. Developers continued to focus heavily on multi-unit apartment buildings. In the first half of 2024, apartment starts totalled 49,172 units, making up 72 percent of all new home construction in these cities. Of particular note, rental housing construction – fuelled by various government policies and incentives – accounted for 47 percent of apartment starts, the highest share on record. This translated to over one-third of total housing starts. Montréal led this rental construction boom with a 106 percent increase,
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News
- Ottawa's mortgage shakeup a bonanza for homeowners and lenders [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Alberta cities power rise in Canadian housing starts as others face slowdown [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Brian Madden's Top Picks for September 26, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Cabot's Stock Rises 16% in Three Months: What's Driving the Rally? [Yahoo! Finance]Yahoo! Finance
- Housing starts up in six largest cities but construction still not closing supply gap [Financial Post (Toronto, Ontario, Canada)]Financial Post
CBT
Earnings
- 8/5/24 - Beat
CBT
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- CBT's page on the SEC website