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 [...]
* Starts are seen at 160,250 units for 2009
* Would be first time below 200,000 in seven years
* Existing home sales, prices also seen falling
* Slight rebound seen in 2010
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By Ka Yan Ng
TORONTO, Feb 19 (Reuters) – New home construction in Canada is expected to drop by 24 percent this year as part of [...]