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Housing Starts Move Higher in May

OTTAWA, Ontario, June 08, 2007 — The seasonally adjusted annual rate1 of housing starts was 229,700 units in May, up from 211,900 units in April, according to Canada Mortgage and Housing Corporation (CMHC). “Although housing starts moved higher in May, much of the increase came from the volatile multiple segment which registered a significant increase in Ontario,” said Bob …

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Source: CanEquity Mortgage News

This entry was posted on Friday, June 8th, 2007 at 3:00 pm and is filed under Advice. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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