The latest housing market outlook shows that the area should end 2009 with a 41-per-cent decrease in starts, for a total of 515 units. However, the high level of activity registered in 2008 will almost be reached again in 2010, thanks to the rental retirement The latest housing market outlook shows that the area should [...]
Moishe Alexander’s Review
OTTAWA, March 9, 2009 — The seasonally adjusted annual rate1 of housing starts declined to 134,600 units in February from 153,500 units in January, according to Canada Mortgage and Housing Corporation (CMHC).
“Increased listings and reduced sales in the existing home market continue to impact the new home market,” said Bob Dugan, Chief Economist [...]