Slower housing starts have been expected this year as borrowing conditions and labour shortages affect the pace of building
The first-time home buyers' tax credit is unaffected
Home prices could increase by 14% by the end of the year, said the federal agency
Prices, sales and housing starts have all soared in major markets despite the pandemic
Vacancy rate hit a 14-year high in the Greater Toronto Area
Economic shock of pandemic not yet fully reflected in housing market data
Average house prices forecasted to fall between 9% and 18% over the next year
There could still be challenges related to uneven demand
Housing starts slowed by 7.3%
The seasonally adjusted annual rate of housing starts slipped to 210,069 units, down from 214,031 in January