Housing starts up in Metro Vancouver over bleak 2009
Filed Under Main Content · Tagged: Bleak, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Market Analyst, Metro Vancouver, Sharp, Vancouver Sun
The Vancouver Sun- Metro Vancouver has seen a sharp increase in housing starts this year, but the numbers are deceiving because 2009 was particularly bleak, according to Canada Mortgage and Housing Corp.
“We’ve seen some improvement, but it’s a modest improvement,” CMHC senior market analyst Robyn Adamache said in an interview Monday of the latest housing starts figures.
“Although the numbers look strong, you’re comparing them to last year, which was an unusually low number [of housing starts] year.”
According to CMHC, there were 1,447 housing starts in October in the Vancouver…
Housing starts up in Metro Vancouver over bleak 2009
October housing starts down more than expected
Filed Under Main Content · Tagged: Atlantic Canada, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Chief Economist, Dugan, Housing Agency, Regions
The Gazette- Housing starts fell more than expected in October, Canada Mortgage and Housing Corp. said Monday.
The federal housing agency said there was an annualized rate of 167,900 starts last month, down 9.2 per cent from 185,000 in September. The September number was revised down from the previously reported 186,400.
"Housing starts moved lower in October due to a decrease in urban single starts in all regions, with the exception of Atlantic Canada," CMHC chief economist Bob Dugan said in a statement. "Both single-detached and multiple starts decreased last month…"
October housing starts down more than expected
Multiple-unit starts in B.C. spark September rebound in new-home construction
Filed Under Main Content · Tagged: 12 Months, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Economists, First Nine Months, Housing Construction, New Construction, New Home Construction, New Homes, Pace 500, Rebound, Residential Construction, Vancouver Sun
The Vancouver Sun- B.C.’s residential housing construction continued to rebound in September with another boost in new-home starts as starts continued to slow on a nationwide basis, Canada Mortgage and Housing Corp. reported Friday.
Builders started work on 2,305 new homes in B.C. in September, bringing the province’s total starts to 17,791 for the first nine months of 2010, a 91-per-cent increase from the same period of 2009. However, September’s starts, extrapolated over 12 months, raised the pace of construction to 26,500 units on what economists call the seasonally adjusted annual rate…
Multiple-unit starts in B.C. spark September rebound in new-home construction
Homeowners face hardship if rates rise: Report
Filed Under Main Content · Tagged: Basis Levels, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Canadians, Chief Executive, Current Rates, Face Hardship, Home Loans, Interest Rates, Mortgage Brokers, Mortgage Holders, Mortgage Professionals, New Home Construction, Rose
Times Colonist- A new report from the country’s mortgage brokers suggests up to 375,000 Canadians with home loans are “challenged” by current rates and that figure will more than double if interest rates climb to 5.25%.
The report comes on the same day Canada Mortgage and Housing Corp. said builders continue to ramp up their activity with new home construction surpassing the 200,000 level in April on an seasonally adjusted annualized basis — levels not seen since 2008.
“I think overall the message is that we are being prudent and doing well. There are a lot of stats to support that,” said Jim Murphy, chief executive of the Canadian Association of Accredited Mortgage Professionals, whose study done in April found an additional 475,000 mortgage holders would have trouble making payments if rates rose to 5.25%…
