Most would use extra money to pay down the principal on their mortgage
Increases in house prices will push mortgage carrying costs higher for home buyers
Despite monthly drop starts reach their second highest level in nearly two decades in 2007
Single-detached home starts hit highest level since March 2006
Increased condominium starts reflect strong condo sales over the past 12 to 24 months
Urban starts decline 5.7% compared to June
Starts expected to resume a gradual decreasing trend
Growth largely confined to volatile multiple-unit segment
New home construction will decrease in all provinces except Saskatchewan
Multiple starts continue to rise