Housing starts, home sales and building permits are starting to pick up again (although, in the case of housing starts, it’s a stuttering start). Here’s a look at some of the numbers that, economists say, indicate Canada’s housing market is on the mend.
Five Signs a Canadian Housing Recovery is on the way
(Source: The Globe and Mail)
Housing Starts Expected to Rise
Canada Mortgage and Housing Corp. reported yesterday that the seasonally adjusted annual rate of housing starts decreased to 132, 000 units in July from 137,000 units in June after two months of gains…
Building permits have bounced higher
“Building permits not only held on to the big bounce in May, they were revised higher (to 15.5 per cent)…
Existing home sales soar
Nowhere has the turnaround been more apparent than in July sales of existing homes in Canada’s biggest cities, BMO reports…
See all five signs and read the full article by Virginia Galt, “FIVE SIGNS A CANADIAN HOUSING RECOVERY IS ON THE WAY” in the Globe and Mail (Aug. 12, 2009).