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Housing Starts to Slow in 2008

OTTAWA, Ontario, May 15, 2008 ? New home construction will begin to slow in 2008, but remain high by historical standards, according to Canada Mortgage and Housing Corporation?s (CMHC) second quarter Housing Market Outlook, Canada Edition report. Higher mortgage carrying costs will be a catalyst for the decrease in residential construction to 214,650 units in 2008, from 228,343 in ?

FULL STORY

Source: CanEquity Mortgage News

This entry was posted on Thursday, May 15th, 2008 at 11:35 am and is filed under News. 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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