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Category Archives: New Home Construction
Canada’s new home prices rise more than expected
OTTAWA — The prices of new homes in Canada rose by 0.3% in March from February, the 12th consecutive monthly increase, Statistics Canada said on Thursday. The increase was slightly greater than the 0.2% advance predicted by market operators. Compared … Continue reading
Ontario leads gains as March building permits rise
Statistics Canada says the pace of construction picked up again in March as the value of building permits issued rose 4.7 per cent to 6.8 billion. This follows a 7.6 per cent increase in February. The increase was led by … Continue reading
Housing starts up in March with more condos, apartments
OTTAWA — CMHC says the pace of Canadian housing starts remained brisk in March, with construction of apartments and condos remaining strong. The housing agency estimates there were 14,517 actual starts in March, which translates to a seasonally adjusted annual … Continue reading
Canada’s home building steams ahead
OTTAWA — Home construction rose more than expected in September, led by multiple-units activity, according to Canada Mortgage and Housing Corp. CMHC said Tuesday that housing starts totalled a seasonally adjusted 205,900 units during the month, following an upwardly revised … Continue reading
Canadian new home prices edge up
OTTAWA — New home prices in Canada edged up a lower-than-expected 0.1% in July from June, following an advance of 0.3% in June, Statistics Canada data indicated on Thursday. Analysts polled by Reuters had expected a 0.3% month-on-month gain. Prices … Continue reading
Home building slows in Canada
OTTAWA — Canadian housing starts declined more than expected last month, Canada Mortgage and Housing Corp. said Friday. There was an annual rate of 184,700 homes for which work began on in August, the federal housing agency said. That was … Continue reading
U.S. new home sales up 11% in March
American new-home sales rose 11 per cent last month to a seasonally adjusted rate of 300,000 homes, the U.S. Commerce Department reported Monday. The small increase came after the battered industry’s worst winter in almost half a century and followed … Continue reading
Housing starts moved higher in March
OTTAWA, April 8, 2011 — The seasonally adjusted annual rate1 of housing starts was 188,800 units in March, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 183,700 units in February 2011. “Housing starts moved higher in … Continue reading
New condo sales set record in February
GREATER TORONTO, March 22 /CNW/ – There were 2,202 new condominium suites sold in the Greater Toronto Area in February, marking the first time ever that sales have exceeded the 2,000 unit threshold in that particular month, the Building Industry and Land Development … Continue reading
U.S. housing starts plunge
American new home construction plunged in February, the U.S. Commerce Department reported Wednesday. Housing starts dropped by 22.5 per cent from January to a seasonally adjusted 479,000, the fewest homes in nearly two years. It was the second-lowest number of … Continue reading