Coming off a record-breaking year for new home construction in 2021, new home starts came in below expectations in January, according to the monthly report from Canada Mortgage and Housing Corporation (CMHC).

Starts decreased 3% from December to an annualized trend of 230,754 starts, missing market expectations of 245,000 units.

Columnist

Myke Thomas is a Columnist for the Western Standard and Alberta Report based in Calgary, Alberta. He has worked in television and as a columnist, reporter and editor at the Calgary Sun for 22 years.

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