RBC Report says high demand for real estate should extend to new homes, with Ontario housing starts likely to hit 64,200 units this year – 14,100 more than in 2009…
(Source: CBC News)
Ontario’s economy is expected to outpace the national average with 3.3 per cent growth this year and 4.1 per cent growth in 2011.
RBC Economics says increased housing activity and greater vehicle production spurred a return to positive growth in late 2009.
The bank forecast says Ontario’s construction sector should see a rise in activity in 2010, fuelled by higher capital spending.
Read the full article, “Report predicts strong economic growth in Ontario” at CBC NEWS (March 11, 2010).