Friday, August 22nd19.8°C
22951
22501

CMHC says outlook for home construction still good for 2014-15

OTTAWA - Canada Mortgage and Housing Corp. says the outlook for home construction still looks good for this year and next.

It says economic and demographic fundamentals continue to be supportive of new building.

But its second quarter Housing Market Outlook says it expects builders to balance their efforts, particularly with respect to multi-family units, in order to manage inventory levels.

On an annual basis, it says housing starts are expected to range between 172,300 and 189,900 units in 2014, with a point forecast of 181,100 units.

That is down from 187,923 units in 2013.

In 2015, housing starts are expected to range from 160,600 to 203,600 units, with a point forecast of 182,100 units.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15538.99-16.27
S&P CDNX1004.712.51
DJIA17009.18-30.31
Nasdaq4541.497+9.393
S&P 5001989.54-2.83
CDN Dollar0.9138-0.0002
Gold1279.10+5.40
Oil96.30+1.82
Lumber352.80-2.80
Natural Gas3.845-0.044

 
Okanagan Companies
Pacific Safety0.18-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.20-0.01
Cantex0.065-0.005
Anavex Life Sciences0.265+0.005
Metalex Ventures0.08+0.005
Russel Metals36.67-0.92
Copper Mountain Mining3.02+0.14
Colorado Resources0.175-0.01
ReliaBrand Inc0.08-0.015
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.24+0.025

 



22942

FEATURED Property
1876180#143-1050 Springfield Rd
$369,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...


Cost of an Injury Lawyer

Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...

_



22854

23002


Member of BC Press Council


22097