Tuesday, July 29th16.3°C
22568
21755

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

21411


Recent Trending




Today's Market
S&P TSX15499.85+54.63
S&P CDNX1016.12-3.73
DJIA17048.5966.00
Nasdaq4470.815+25.906
S&P 5001984.24+5.33
CDN Dollar0.9227-0.0033
Gold1310.00+6.70
Oil100.50-1.17
Lumber324.60+1.60
Natural Gas3.734-0.013

 
Okanagan Companies
Pacific Safety0.195+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.02
Cantex0.065-0.005
Anavex Life Sciences0.251-0.014
Metalex Ventures0.08+0.01
Russel Metals35.20+0.05
Copper Mountain Mining2.90-0.07
Colorado Resources0.22-0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.02-0.03
Mission Ready Services0.135-0.055

 



22563

FEATURED Property
1992979#3-6267 Sundstrom Court
4 bedrooms 4 baths
$709,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22685