Tag Archives: construction

Leap in home building offers hope

Construction of new homes has surged by a surprising eight per cent in June, prompting analysts to say the housing market in Canada has turned the corner and begun recovering.
The annual pace of housing starts rose to 140,700 units in June from 130,300 in May, with the increase in activity spread across different types of [...]

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Home construction rebounds

Construction of new homes picked up a “mind-boggling” 13.7 per cent in March, despite expectations for a continued slide.
Housing starts rose last month to 154,700 units, at a seasonally adjusted annual rate, an increase from the 136,100 pace seen in February, Canada Mortgage and Housing Corp. said Wednesday.
Construction of condominiums in central Canada was mainly [...]

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