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Feb. 27, 2013 | CREBNow
Prairie Housing Starts Ahead
According to Canada Mortgage and Housing Corporation's (CMHC) first quarter 2013 Housing Market Outlook, Prairie Highlights, housing starts are expected to moderate this year before seeing increases in 2014.
Starts in the Prairie provinces (Alberta, Saskatchewan, Manitoba) are projected to hit 47,200 this year before increasing to 47, 800 in 2014. Residential construction in the prairie region increased from 38,818 to 50,606 between 2011 and 2012, a 30 per cent increase.
Starts in the Prairie provinces (Alberta, Saskatchewan, Manitoba) are projected to hit 47,200 this year before increasing to 47, 800 in 2014. Residential construction in the prairie region increased from 38,818 to 50,606 between 2011 and 2012, a 30 per cent increase.