CMHC re­ports pro­vin­cial and lo­cal hous­ing starts up

The Southwest Booster - - COMMUNITY EVENTS/NEWS -

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.

CMHC pro­vides re­li­able, im­par­tial and cur­rent hous­ing mar­ket re­ports, anal­y­sis and knowl­edge to sup­port and as­sist con­sumers and the hous­ing in­dus­try re­gard­ing vi­tal de­ci­sions.

CMHC re­ports are avail­able free for down­load at http://www.cmhc.ca/hous­ing­mar­ket­infor­ma­tion

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