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Canada’s total housing starts rose slightly in May

Posted on 09 June 2011

Total housing starts in Canada in May rose 2.8% month over month to stand at 183,600 units, seasonally adjusted and annualized, according to Canada Mortgage and Housing Corporation (CMHC). However, that left them down 7.1% when compared with May of last year.
Through the first five months of this year, residential ground-breakings have averaged about 10% less than during the same January to May period in 2010. This is consistent with an existing homes resale market that has shown a similar degree of fatigue lately………………………………………..Full Article: Source


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