Archive for August 15th, 2007


Canada’s housing starts slowdown this year: CMHC

Canada’s housing starts slowdown to 220,000 this year, down 3.2 percent from last year, says the Canadian Mortgage and Housing Corporation (CMHC). This slowdown is partly due to higher prices, and rising mortgage costs. The agency also made a forecast of a drop to 207,200 next year as well.
“Despite high employment levels, income gains and […]