OTTAWA, February 8, 2010 — The seasonally adjusted annual rate1 of housing starts reached 186,300 units in January 2010. This is an increase from an annual rate of 176,100 units in December 2009, according to Canada Mortgage and Housing Corporation (CMHC). According to final figures, actual housing starts for 2009 totalled 149,081 units, with activity [...]
Posted by Moishe Alexander
In 2009, new home starts will reach 350 new homes from 428 starts recorded in 2008, contracting by 18 per cent. Single-detached starts are forecast to decline by 20 per cent, while row homes and apartments will decrease by 14 per cent. The downward momentum in the economy has lessened new construction [...]
Posted by Moishe Alexander
The Government of Canada, the Government of Ontario, and the City of London today celebrated the opening 52 new affordable rental units. The project is supported by more than $3.6 million in funding under the Canada – Ontario Affordable Housing Program.
Ed Holder Member of Parliament for London West, on behalf of the Honourable [...]