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 Housting 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.

Mercina Kokkas

Mercina Kokkas

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CENTURY 21 Fusion
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