Housing Starts ahead of ‘09 in the Prairies

Canada Mortgage and Housing Corp. (CMHC) released a report showing that homebuilders had a busy July in Saskatoon and Regina.

Year to date, Regina has seen an increase of 61.6% in housing starts. 

Saskatoon reported 978 housing starts compared to 446 during the first seven months last year.   This area has seen some severe weather this summer which has been challenging for residential construction.

 

JULY 2010

JULY 2009

SASKATOON

Housing Starts

210

163

- Single Family Detached

153

157

- Multi-Family

57

6

REGINA

Housing Starts

132

34

- Single Family Detached

76

29

- Multi-Family

56

5

This increase reflects a strong demand by consumers, a demand which in part reflects a growing economy and higher migration levels.  

 

Read the entire Star Phoenix and Leader Post articles.

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