The decline came as the annual pace of urban starts fell 15.1% during the month
In Vancouver, the annual pace of housing starts nearly doubled
CMHC’s quarterly housing market assessment highlights markets in Toronto, Hamilton, Vancouver, Victoria and Saskatoon
Stress tests examine impact of several extreme scenarios on the mortgage lender
A drop in multi-unit urban starts more than offset an increase in single-detached urban starts
The Crown corporation has raised the idea with its board and expects to announce something within the next six months
CMHC says the annual pace of housing starts in in August increased compared with July
Supply constraints and stronger economy should lead to a pick up in property prices in the city
Evidence of problematic conditions is apparent in Toronto, Hamilton and Vancouver
Those who received a gift from family as part of their down payment were less comfortable than others with their current level of mortgage debt