加拿大抵押贷款和住房公司（CMHC）：2025年加拿大住房市场展望报告（英文版）

Foreign trade risks and immigration changes add significant uncertainty to the outlook. We expect economic activity to be modest in 2025, picking up in 2026 and 2027. • Housing starts will slow down from 2025 to 2027 mainly due to fewer condominium apartments being built but total starts will remain above their 10-year average. Rental apartment construction will remain high but may slow in 2027 as demand eases. Groundoriented homes (detached, semi-detached, row homes) may recover slightly, es