Friday, July 10, 2009

Housing Starts Rise, But Not Here

Housing starts are expected to improve throughout 2009 and over the next several years, CHMC says. Photograph by: ETHAN MILLER, GETTY IMAGES, Canwest News Service

From The Montreal Gazette:

Quebec lags behind country: Increase eight per cent across Canada.

Home construction rose more than expected in June as Canada's beleaguered housing market showed signs of a possible recovery.

However, Quebec and Montreal did not follow the national trend. Provincial seasonally adjusted starts were down 6.3 per cent in June, to 32,600 from 34,800. The Montreal figures, which compare this June to a year ago, show starts down 19 per cent.

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