CMHC warning construction slowing faster than need
Sept housing starts SAAR 248,896, up 3% MoM, actual YTD down 4% YoY. CMHC warns construction is slowing faster than need, risking a reversal of affordability gains. 143,929 approved but unstarted homes in Sept.
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Windsor just got $49,452 cheaper to build a home
156 condo starts. Toronto used to start 7,000 a year
CREA started the year at +5.1%. Now it is -5.2%
An 86% finished condo project just hit receivership
Toronto vacancy heads under 3%. Windsor's is rising
Affordable rentals: 3% vacant. Luxury: 15% vacant
GTHA investors bulk-bought new condos at about 40% off
BoC policy 2.25% unchanged with Oct 28 decision pending and fixed rates rising via bond yields
Blackstone Sun Belt CMBS $517.7M in special servicing after Oct 9 maturity miss
