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
Rising prices and interest rates not seen as deterrents
Popularity of multi-family housing will continue to rise
Affordability is worst in B.C.
Higher mortgage carrying costs and rising house prices will temper demand
Rate of growth the largest in 13 years
Multiple starts jump 18.6%
Markets cooling in Central and Eastern Canada