Friday, April 11, 2008

CMHC Report on the New Home Market

CMHC Report on the New Home Market

Strong January Apartment Starts

On the strength of condominium apartment construction, total Greater Toronto Area (GTA) housing starts for January were five per cent higher than experienced one year earlier, reaching 2,730.

January results were in line with expectations for 2008. Condominium apartment starts will increase this year, while low-rise starts will edge lower. Strong condominium apartment starts will be based on record pre-construction sales over the past three years.

As an increased number of condominium apartments reach the completion stage this year, builders will be able to shift resources to new projects in the development pipeline.

On the whole, demand for existing and new ownership housing has remained strong in the GTA, based on solid underlying fundamentals. A combination of steady job and income growth and low borrowing costs has kept home buyers confident in their ability to purchase and pay for a home over the long term.

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,


A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
8 Website :

Homes for Sale

No comments:

Post a Comment