(Source: Financial Post)

The Canadian housing market’s surprising turnaround is spreading to new home construction as developers scramble to respond to a supply shortage that has sent pricing soaring for existing homes.

But any increase in construction on the new home side will likely not surface fast enough to feed the demand for housing that continues to be spurred on by record low interest rates.

Read Gary Marr’s full article “Canadian home builders scramble to meet demand” in the Financial Post (November 9, 2009).

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