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| Canada's Housing Starts Will Remain Strong Housing starts will ease in 2005, and reach 223, 600 units, a decrease of 4.2 per cent from the 17-year high in 2004, according to Canada Mortgage and Housing Corporation's (CMHC) fourth quarter Housing Market Outlook, Canada Edition report. In 2006, residential construction will remain strong at 207, 200 units, the fifth consecutive year that starts are over the 200, 000 level. Sales of existing homes will establish a new record of 476, 000 units in 2005, then dip to 453, 700 units in 2006. After posting their strongest increase in 16 years in 2005 (10.2 per cent), house price growth in 2006 will moderate to 4.9 per cent as existing home markets become more balanced. write your comments about the article :: © 2005 Construction News :: home page |