Canadian housing market defies skeptics as starts top expectations – Consult with a Vancouver Mortgage Broker

TORONTO — Canadian housing starts were stronger than expected in June and May figures were revised higher, according to data released on Tuesday, the latest report to show the property market rebounding from last year’s government-induced slowdown. Housing market fuelling loonie’s rise from two-year-low The Canadian dollar rose from its lowest level in almost two […]

Housing starts rose in June: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing starts rose in June, driven by urban multiple starts — condos, apartments and the like. The federal agency estimates there were 20,327 actual starts in June across the country, up from 18,494 in June 2011. Tweaked to remove monthly variations, that produced a […]