Western Canada continues to heat up as central Canada cools, says RBC Economics
Larger cities likely to experience price gains above the national average
But warning signs have crept up in some Western cities
Persistent strong demand in Alberta
Level of activity expected to slow in second half of 2006
House prices expected to rise 9% for 2006
Attitudes shifting in urban centres
Province’s employment up 4.7%, urban housing starts up 17%, both well above the national average
The seasonally adjusted annual rate of housing starts was 216,800 units in May, down marginally from 217,900 units in April, Canada Mortgage and Housing Corp. (CMHC) said today.“Housing starts last month were nearly unchanged from their April level,” said Bob Dugan, chief economist at CMHC’s Market Analysis Centre, in a news release. “May marks the […]
Permits hit five-month low as housing market cools