Tag Archives: Housing starts

Real estate recovery expected to be tepid

The worst of Canada’s housing market woes appear to be past but the sector’s rebound will be tenuous as a rise in mortgage rates and high unemployment limit the recovery in prices and sales.
Property experts say first-time buyers and Bank of Canada rate cuts have helped restore stability to a market that slumped from late [...]

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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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Housing starts fall 11% in January

Housing starts declined last month in Canada as falling sales for existing homes weakened demand for new construction, Canada Mortgage and Housing Corporation said Monday. Construction began on 153,500 units in January, on a seasonally adjusted annual rate, down from 172,200 the previous month, CMHC said.
Urban housing starts dropped 15.6% to 126,700 units last month, [...]

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