Housing starts likely to rebound

By Doyle Fox, The StarPhoenixFebruary 18, 2010
 
Saskatoon's housing sector declined on a number of fronts last year, but analysts believe it will increase slowly and steadily in the near future.

Richard Corriveau, CMHC's market analysis centre manager, said there were 1,485 single-family starts in Saskatoon in 2007, a number that dropped to 1,101 in 2009. He expects a full rebound in single-family starts in Saskatoon.

Multi-family starts decreased even more, Corriveau noted. There were 1,081 starts in 2008, but that number dropped to 327 in 2009. He believes the number will increase to at least 375 units in 2010 and even more in 2011.

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Grant Ostapowich

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