CMHC reports provincial and local housing starts up
The majority of Saskatchewan’s housing markets, including Swift Current, recorded healthy gains in new home starts in 2010, according to Canada Mortgage and Housing Corporation’s survey of residential construction released on Jan. 11.
CMHC’s released preliminary results of its survey, which shows a brisk pace of activity that has typified most of 2010, where provincial housing starts were up by 55.4 per cent over 2009.
“Saskatchewan’s improving economy and labour market continue to attract elevated numbers of migrants into the province’s centres,” said Michael Fabiyi, Senior Market Analyst for CMHC Saskatchewan.
“ This has bolstered housing demand in 2010, pushing provincial housing starts to the third highest level since 1983.”
Swift Current poured foundations for 74 new homes in 2010, up from 62 homes in 2009 and representing 19.4 per cent improvement from 2009.
There were 50 single-detached new starts last year, up 19 per cent from 42 in 2009, and 24 multi-family starts, four more than 2009, an increase of 19.4 per cent.
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