for Q2-2023 on Wednesday, revealing that while builder confidence rallied slightly in the quarter, the industry “remains downbeat” amid interest rate-related headwinds.
“While the spring busy season helped prospective new home sales traffic somewhat, affordability challenges related to interest rates and construction costs remain very much a concern, and have been compounded by the July rate hike by the Bank of Canada shortly after Q2 survey data was collected,” said the organization in a press release from earlier today.
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