Rowhouse construction 136% ahead of last year’s pace as housing starts zoom in fall

(Source: Ottawa Citizen)

In the Ottawa market, now is the time to invest in hard hats and steel-toe boots.

Booming sales for new homes over the past six months are forcing huge leaps in construction activity across the nation’s capital.

“November posted the first significant year-over-year increase in (housing) starts in 2009,” according to Canada Mortgage and Housing Corp. (CMHC).

Read Vito Pilieci’s full article “Homebuilding explodes in capital” in the Ottawa Citizen (December 9, 2009).

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