Construction is mushrooming …
What housing crisis?
Developers seem to think otherwise … Figures don’t lie. Good times are still here.
Canada’s housing starts reached 218,000 units in June, an increase from 187,000 units in May. The six-month moving average trend in the housing starts increased to 198,000.
Canadian New Homebuilding Responds to Hot Demand Conditions with Additional Supply
Canada home construction picks up in June, boosted by apartments, Toronto condos (Housing-Starts)
theifp.ca – Jul 11, 2016
Single-detached urban starts increased by 1.7 per cent to 59,883. Regionally, the pace of urban housing starts rose in B.C.
ForexLive – Jul 11, 2016
“Overall, June saw housing starts pick up pace in Canada, bolstered by apartment construction in Ontario – especially new condo construction in Toronto’s downtown core,” said Bob Dugan, CMHC Chief Economist.
Vancouver Sun – Jul 13, 2016
Housing starts in B.C. are way up in the first six months of this year while the bulk of the country is flat or falling. That trend appears in the Canadian Mortgage and Housing Corporation’s most recent preliminary housing start data released this month.
In May, it was a different scenario … isn’t it amazing developers can actually make changes so fast? I always think construction is a very long and tedious business, never thought such flexibility actually exist …
The value of Canadian building permitsunexpectedly fell in May, inching down 1.9 per cent from April’s level to $6.8 billion.
Building permits fall 1.9% to $6.8 billion in May: Statistics Canada
Yes, build …