Sta­ble hous­ing starts in the province

The Guardian (Charlottetown) - - WEEKEND BUSINESS -

Hous­ing starts in Prince Ed­ward Is­land’s ur­ban ar­eas were sta­ble in June, ac­cord­ing to the Canada Mort­gage and Hous­ing Cor­po­ra­tion.

Sea­son­ally ad­justed fig­ures show there were 296 new units in June com­pared to 293 in May.

But it ap­pears Summerside may have seen a slight down­turn.

“Year-to-date hous­ing starts in Char­lot­te­town were on par with those from last year – fewer mul­ti­ples starts in Summerside drew to­tal hous­ing starts be­low year-ear­lier fig­ures,” said Sarena Teak­les, se­nior mar­ket an­a­lyst with CMHC’s At­lantic mar­ket anal­y­sis cen­tre.

As Canada’s au­thor­ity on hous­ing, CMHC con­trib­utes to the sta­bil­ity of the hous­ing mar­ket and fi­nan­cial sys­tem, pro­vides sup­port for Cana­di­ans in hous­ing need, and of­fers ob­jec­tive hous­ing re­search and ad­vice to Cana­dian gov­ern­ments, con­sumers and the hous­ing in­dus­try.

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