In June, housing starts across Canada surged to their highest level in 10 years, according to Canada Mortgage and Housing Corp. (CMCH). The rate of multi-unit urban starts rose 59% to 219,914, while the rate of starts for single-detached urban homes increased by 3% to 42,901. Toronto and Vancouver led the way in construction, comprising 47% of total housing starts across Canada in June. Despite the June increase, housing starts in Canada during the first six months of the year were 8% lower than they were over the same period of 2022 as high interest rates keep many potential homebuyers