Unexpected Climb for Canadian Housing
Filed Under Main Content · Tagged: Economy, Housing Starts, New Home Construction, Vancouver Sun
The Vancouver Sun
Canadian housing starts unexpectedly climbed 4.3 percent in July, setting the third quarter off to a strong start in new home construction and maintaining its role as a key support to the economy.
Multifamily housing starts surge in capital region
Filed Under Main Content · Tagged: Business Capital, Housing Starts, Multifamily Construction, Multifamily Housing
Multifamily construction in the capital region surged by 56 per cent in June compared with the same month last year, but new home starts remain down overall on a yearly basis.
Multifamily housing starts surge in capital region
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
Housing weakness expected to be a drag on growth
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Declines, Diana, Drag On, Economic Growth, Economist, Economists, Economy, Five Months, Gdp, Gdp Growth, Housing Market, Housing Starts, Post Canada, Real Gdp, Rebound, Residential Investment, Second Half, Straight Quarters, Td Economics
Financial Post- Canada’s housing market helped lift the economy in the early part of the recovery but will now act as a drag on growth, with starts falling for two straight quarters and expected to continue to fall in the months ahead, economists say.
Canada Mortgage and Housing reported Friday housing starts declined 1.5 per cent in September from the previous month, bringing the seasonally adjusted annual rate to 186,400 units in September.
Analysts had called for a bigger drop in starts, to 179,000.
Starts have now fallen for four of the past five months, leading to two straight quarters of overcall declines.
"After helping to support the rebound in real GDP growth over the last year, residential investment is likely to be a drag on economic growth through the second half of this year," said Diana Petramala, an economist at TD Economics…
