Comments on: Canadian Housing Starts Fell In June But Remain Significantly Elevated https://betterdwelling.com/canadian-housing-starts-fell-in-june-but-remain-significantly-elevated/ Canada’s Fastest Growing Real Estate News Source Mon, 18 Jul 2022 17:22:49 +0000 hourly 1 By: Mortgage Guy https://betterdwelling.com/canadian-housing-starts-fell-in-june-but-remain-significantly-elevated/#comment-84424 Mon, 18 Jul 2022 17:22:49 +0000 https://betterdwelling.com/?p=21306#comment-84424 Not totally the case. A lot of these projects have variable rate loans to fund development and they can become cost ineffective at these prices to produce if the land value drops more than the cost of materials have been.

Failing to close is going to be another issue. There’s a reason so many pre-sale projects have been cancelled or delayed indefinitely.

]]> By: Anthony https://betterdwelling.com/canadian-housing-starts-fell-in-june-but-remain-significantly-elevated/#comment-84423 Mon, 18 Jul 2022 16:35:40 +0000 https://betterdwelling.com/?p=21306#comment-84423 A lot of these projects have been planned for years some short term projects might get cancelled for costs. But housing start slowdowns wont reflect till at least 2023.

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