"Total housing starts remain at high levels," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. "This is mostly due to the multiple segment which has been continuously above the 100,000 unit threshold since the beginning of the year."
The seasonally adjusted annual rate of urban starts went down in all regions of Canada, except Ontario, where housing starts increased by 10.8 per cent to 77,900 in June.
Urban starts declined to 8,500 units in Atlantic Canada, 40,300 units in Quebec, 31,200 units in the Prairies, and 31,400 units in British Columbia. Both single and multiple urban starts decreased in all regions in June, with the exception of multiple starts in Ontario which increased by 30 per cent.
Don't hold your move if you want to invest in Toronto, Ontario real estate or want to buy a house or condo apartment. For more information go here - http://www.torontogreathomes.com/ or call Alex at (416) 723-9383 (cell).
Alexandre Malkhassiants, Sales Representative & Mortgage Specialist,
Right At Home Realty Inc., Brokerage
Office: (416) 391-3232
Cell: (416) 723-9383
E-mail: amalkhass@rogers.com
Web site: www.torontogreathomes.com
Toronto real estate market blog: http://torontorealestate.wordpress.com/
centremagazine.com
Toronto real estate. HOUSING STARS REMAIN HIGH IN ONTARIO AND TORONTO
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