BCREA ECONOMICS NOW
Canadian Housing Starts - May 8, 2012
Canadian housing starts soared 14 per cent in April to a seasonally adjusted annual rate (SAAR) of 244,900 units. The jump in starts was driven by a big increase in multiple-unit starts in Ontario and Quebec. New home construction in BC urban centres rose over 6 per cent from March 2012, registering 22,100 starts (SAAR) in April. On a year-over-year basis, housing starts were 1.6 per cent lower than April 2011.
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BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).
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Canadian Housing Starts
Blog by Century 21 Amos Realty | May 8th, 2012
Chief BCREA Economist Cameron Muir just provided an update on the economics of our market. Please see below for the email.