Housing Jumps 7.3% In September From August
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Dow Jones, Fox, Housing Starts, Rose, Toronto
Fox Business
TORONTO -(Dow Jones)- Canadian housing starts rose 7.3% to an annual rate of 205,900 in September, mainly due to an increase in multiple starts, Canada Mortgage and Housing Corp. said Tuesday.
Read more: http://www.foxbusiness.com/industries/2011/10/11/canada-housing-starts-jump-73-in-september-from-august/#ixzz1aUU3OFRy
Improving economy, low mortgage rates to boost housing sales in B.C., CMHC says
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Cmhc, Economy, Greater Vancouver, Housing Market, Housing Sales, Job Canada, Job Corp, Job Market, Low Mortgage, Lower Mainland, Market Analyst, Metro Vancouver, Migrants, Mortgage Market, Mortgage Rates, Population, Steady Flow, Vancouver Sun
Vancouver Sun- A new report suggests that low mortgage rates combined with a growing population and an improving economy bode well for Metro Vancouver home sales for the rest of 2010 and 2011.
“For the next year, we’re looking at favourable mortgage rates, a steady flow of migrants to the Lower Mainland, and a growing job market,” Canada Mortgage and Housing Corp. senior market analyst Robyn Adamache said in an interview about the federal agency’s housing market report that concluded sales will remain stable until mid-2011 before trending higher. “We’re looking at about 33,000 sales for Greater Vancouver [in 2011]. We’re looking at 31,000 this year. The 10-year average is about 34,000…
Improving economy, low mortgage rates to boost housing sales in B.C., CMHC says
CMHC predicts new home starts double last year’s
Filed Under Main Content · Tagged: Archibald, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Cmhc, Construction Activity, Developers, Economic Growth, Greater Victoria, Housing Starts, Market Analyst, Migration, New Homes, New Year, Outlook Report, Quot, Residential Construction, Travis, Year 2000
Times Colonist- The number of new homes built in Greater Victoria will hit 2,100 by the end of the year — nearly double last year’s total — and then edge down slightly in 2011, says Canada Mortgage and Housing Corp.
"Housing starts are forecast to remain stable next year as builders and developers continue to make up for the low level of 2009 activity and respond to local economic growth and positive migration," Travis Archibald, senior market analyst for the federal agency, said yesterday.
New home starts will reach 2,000 next year, Archibald said in a fall outlook report. "Residential construction activity across Victoria will surpass the 10-year (2000-2009) annual average of 1,817 housing starts both this year and next…"
CMHC predicts new home starts double last year’s
Home building to slide further
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Chief Economist, Dugan, Employment Levels, Home Construction, Low Mortgage, Mortgage Rates, New Homes
Times Colonist-Home construction is expected to continue easing in the final quarter of this year before stabilizing in 2011, according to Canada Mortgage and Housing Corp.
The federal agency on Monday forecast housing starts to range between 176,700 and 194,700 units in 2010, and between 148,000 to 202,300 units next year as the market returns to “levels consistent with demographic fundamentals.”
“High employment levels and low mortgage rates will continue to support demand for new homes in 2011,” said CMHC chief economist Bob Dugan. “Nevertheless, housing starts will decrease to levels that are more in-line with long term demographic fundamentals next year…”
