Moishe Alexander’s Review
January 9, 2009 — The seasonally adjusted annual rate1 of housing starts was 177,300 units in December, down marginally from 178,000 units in November, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts in December were almost unchanged compared to November,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “At an [...]
Moishe Alexander’s Review
The construction of 21 new affordable housing units in Saint John was officially announced today by the Province of New Brunswick and the Government of Canada. The new units, funded under Phase III of the Canada – New Brunswick Affordable Housing Agreement, will house disabled persons, non-elderly singles and families.
Social Development Minister Mary [...]
Moishe Alexanders Review:
NEW HOME MARKET
Moishe Alexander says: Total starts down 15 per cent on lower multi-family construction
This year will see total housing starts in the Winnipeg Census Metropolitan Area reach 2,875 units, a decline of 15 per cent from 2007. The reduction in total starts will be due entirely to a substantial change in multi-family [...]