HST ‘hurts new home construction’
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corporation, Four Months, Greater Victoria, Homebuilding, New Construction, New Home Construction
Homebuilding in Greater Victoria was down 24 per cent over the first four months of 2011 compared to the 10-year historical average, says Canada Mortgage and Housing Corporation.
Read more: http://www.timescolonist.com/business/hurts+home+construction/4756007/story.html#ixzz1M4zSSDex
HST ‘hurts new home construction’
Greater Victoria real estate prices and sales on the rise
Filed Under Main Content · Tagged: Business Sales, Estate Sales, Fabulous Year, Greater Victoria, Holmes Real Estate, Pemberton Holmes, Real Estate Office, Real Estate Prices, Victoria Real Estate
“It’s going to be a fabulous year,” Sue Daniels, a managing broker at Pemberton Holmes real estate office said Friday.
Greater Victoria real estate prices and sales on the rise
House price cool-down expected
Filed Under Main Content · Tagged: Bmo Capital Markets, Cool Html, Economist, Greater Victoria, House Price, House Prices, Pace
The report by Re/Max showed house prices climbed an average of 6.82 per cent every year from January 2000 to December 2010, a pace of growth that BMO Capital Markets economist Robert Kavcic described as unsustainable. The Greater Victoria rate during that period was 7.8 per cent.
House price cool-down expected
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…"
