Hike new pointer to market revival, analyst says

(Source: The Province)

New-home construction in urban B.C. rose 15 per cent between September and October, Canada Mortgage and Housing Corp says.

Housing starts in B.C.’s urban centres climbed to 16,100 in October on a seasonally adjusted annual rate from 14,000 in September, CMHC said yesterday.

Nationally, starts rose 5.4 per cent in October as the housing market continued to show signs of recovery. CMHC said that 157,300 units in rural and urban areas were started in October, on a seasonally adjusted rate, up from 149,300 in September.

Read the full article “New-home building up 15 per cent” in The Province (November 10, 2009).

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