Ottawa, February 4, 2008
The Ontario economy is expected to improve slightly during 2008 and this will help sustain housing demand across the province. New home construction activity will be moderate between now and the end of 2008. Housing starts are expected to move up from 68,123 units in 2007 to 69,150 units in 2008, while a more modest economy in 2009 will push starts down somewhat to 67,150 units. The average MLS® price in Ontario will rise by 7.6 per cent in 2007, while 2008 and 2009 should see increases of 6.2 per cent and 2.9 per cent, respectively.
As Canada's national housing agency, Canada Mortgage and Housing Corporation (CMHC) draws on over 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.
A CMHC press release.
Tuesday, February 5, 2008
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1 comments:
Great Article (post). I am sure that the 7.6% growth for Ontario will be correct.
I wonder how it will affect the West End, particularly Swansea Toronto area. Any Idea?
Considering that it is probably higher, as Swansea section is really popular.
Thank you.
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