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Housing Starts Cooling in 2007 and 2008

OTTAWA, Ontario, August 15, 2007 — Housing starts will moderate in 2007, reaching 220,000 units, a decrease of 3.2 per cent from 2006, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition report. Residential construction will continue to decline in 2008 to 207,200 units, yet will mark seven consecutive years in which …

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Source: CanEquity Mortgage News

This entry was posted on Wednesday, August 15th, 2007 at 11:15 am and is filed under Advice. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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