Monday, September 16, 2013

Canadian Housing and Mortgage Corporation speaks on housing starts in Ottawa

“Seasonally adjusted housing starts firmed once again in August following strong July building activity.  Single-detached construction regained somewhat the ground lost since 2012 while row starts revitalized. On the other hand, apartment construction retreated but remained at a healthy level. This resulted in a more even split in construction shares between single, row and apartment construction.”

said Sandra Perez Torres, CMHC Senior Market Analyst for Eastern and Northern Ontario.

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