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News
Jan. 09, 2015 | CREBNow
Canadian starts down in December 2014
The Canada Mortgage and Housing Corp. (CMHC) reported the trend measure of housing starts in Canada was down from November to December 2014.
In December there were 192, 047 starts compared to 194,807 in November.
"The modest decline in the trend in December reflected lower levels of both multiple and single-detached starts," said Bob Dugan, CMHC's chief economist. "Overall, activity in 2014 continued to be supported by employment growth and migration with starts remaining essentially unchanged at 189,401 compared to 187,923 in 2013, These factors are expected to continue to promote stability in the pace of new home construction during 2015."
In December there were 192, 047 starts compared to 194,807 in November.
"The modest decline in the trend in December reflected lower levels of both multiple and single-detached starts," said Bob Dugan, CMHC's chief economist. "Overall, activity in 2014 continued to be supported by employment growth and migration with starts remaining essentially unchanged at 189,401 compared to 187,923 in 2013, These factors are expected to continue to promote stability in the pace of new home construction during 2015."
News
Jan. 06, 2015 | CREBNow
In photos: Summer city
It's a snowy start to the New Year in Calgary.
As the snowflakes fall today, we at CREBNow thought we'd share a few images from summer in the city to warm you up on this chilly day.
As the snowflakes fall today, we at CREBNow thought we'd share a few images from summer in the city to warm you up on this chilly day.