(Source: The Star)

Housing starts in the Toronto area bounced back in August, suggesting the market has bottomed out, according to a report by Canada Mortgage and Housing Corp.

Combined with rising national data, the numbers confirm expectations that new residential construction will increase in the second half of the year, Bob Dugan, the national housing agency’s chief economist, said yesterday.

Read the full article by Dana Flavelle “Housing starts climbing in the Toronto Star” (September 10, 2009)

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