Ottawa Real Estate: Housing starts down 10 per cent so far in 2024 [Video]

The City of Ottawa saw a boost in housing starts in September, but the number of new homes under construction in the capital is still 10 per cent lower than last year’s numbers.

New statistics from the Canada Mortgage and Housing Corporation (CMHC) show there were 1,510 housing starts in Ottawa in September, up from 1,232 housing starts in September 2023.

The housing starts included 184 single-family homes and 1,326 other homes.

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CMHC says construction started on 5,884 homes, condominiums and apartments in Ottawa between January and September, down from 6,513 homes in 2023.

Ontario’s Ministry of Municipal Affairs and Housing has set a target of 12,583 new dwellings for Ottawa in 2024 for the city to be eligible for funding under the Building Faster Fund. Municipalities will be eligible for funding if they reach …