Share Canada continues to see a strong housing market, according to the Canada Mortgage and Housing Corporation. Housing starts jumped to new heights recently and surpassed industry expectations. Housing starts hit 196,700 units in February, which is an increase – on a seasonally adjusted basis – from the 185,400 units started in January. This is [...]
Share The seasonally adjusted annual rate of housing starts has reached 186,300 units in January 2010. This is an increase from the annual rate seen in December 2009, where it was 176,100 according to the Canada Mortgage and Housing Corporation (CMHC). According to final figures, the actual housing starts for 2009 totalled 148,081 units, with [...]
Share The seasonally adjusted annual rate of housing starts has reached 174,500 units in December 2009. This is an increase from the annual rate seen in November 2009, where it was 176,100 according to the Canada Mortgage and Housing Corporation (CMHC). Actual housing starts for 2009 shall be verified and reported in the January edition [...]
Share The Canadian Real Estate Association (CREA) has revised its forecast for home sales for the year bringing it upward, and it is now citing better economic conditions. CREA forecasts 527,300 sales this year, up 13.3% from 2009 levels. The previous forecast called for a 7% increase. The national average home price is forecast to [...]
Share The Canada Mortgage and Housing Corporation (CMHC) released its January 2010 housing start data today that suggests that Canada is returning to a more healthy economic footing. In January 2010, the seasonally adjusted annual rate for new home construction was 186,300 units. This is slightly up from the December 2009 rate of 176,100 units. [...]
Share Housing starts will see a surge in the second half of the year as the real estate market continues to show increasing signs of life. This was reported in a forecast the Canada Mortgage Housing Corporation (CMHC) released on September 3rd. Starts are expected to reach 141,900 for the year and increase to 150,300 [...]
Share After a long discussion and presentations from various stakeholders, the majority of the Moose Jaw city council rejected a bylaw amendment that would have allowed the construction of 15 single family dwellings on a portion of Palliser Heights School property. A neighbourhood resident addressed the concerns about losing a green space by turning a [...]
