Greg & Colin Thornton RE/MAX Sabre

Colin Direct: 604-561-3306 | EMAIL info@thethorntongroup.ca |

Categories

Canadian home building rebounds on condos

OTTAWA — A big month-to-month jump in multi-unit housing construction is being credited with a higher rate of Canadian housing starts in February.

Canada Mortgage and Housing Corp. says its seasonally adjusted rate of housing starts rose to 180,719 units in February, up from 158,998 in January.

The main reason for the increase in housing construction was an 18.4% rise in urban starts, led by a 27.7% increase in multiple-unit dwellings such as condos and apartments.

The actual number of housing starts last month, without seasonal adjustments, was down year-to-year.

There were 10,965 starts last month, down from 12,247 in February 2012.

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.