Canadian Housing Market to Remain Steady in 2011

OTTAWA, August 24, 2011 — Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarterHousing Market Outlook, Canada Edition.1 “Housing starts have been strong in the last few months, but are forecast to moderate closer in line with demographic fundamentals,” said Mathieu Laberge, Deputy Chief […]

Alberta renovation spending to lead country 1.7% growth in 2011, 4.9% in 2012

CALGARY — Renovation spending in Alberta is forecast to lead the country in year-over-year growth this year and in 2012, according to a report by the Altus Group, an economic consulting firm. The report said spending in Alberta on renovations hit $5.7 billion in 2010, which accounted for 9.5 per cent of all spending in […]

Housing Booms North of the Border

Some Economists See Canada’s Market Ripe for a Correction, With Debt Rising to Worrisome Levels BY MONICA GUTSCHI AND DON CURREN TORONTO—As much of the U.S. housing market limps along, home prices north of the border are on a fresh tear, fired up in part by a borrowing binge that has sent Canadians‘ debt to […]

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