Housing starts in the national capital fell 42 per cent year-over-year in March as the region cooled from a record a year ago, according to the Canada Mortgage and Housing Corp.
Declines were registered in all segments of Ottawa’s housing market as overall starts fell to 336 this year, from 583 last March.
Single-detached homes fell by 47 per cent, to 74 starts, while multiple-family housing fell 41 per cent, to 262 starts.
OBJ360 (Sponsored)
Sharing “PapaJo’s” story to shine the spotlight on the Campaign to Create Tomorrow
Visitors to the seventh floor of The Ottawa Hospital’s General campus may do a double take outside Room 7123. A plaque beside the door references “PapaJo” Johns. Who, you may
The thing that distinguishes Interactive Audio Visual’s work from that of its competition is the company’s obsession with simple solutions. In short, it brings audio and video technology together with
Semi-detached and apartment housing starts each fell by more than 60 per cent, while townhomes moderated less at just under 12 per cent.
Nepean and Gloucester saw the most construction activity that month, with slowdowns registered in Cumberland, west Kanata and Goulbourn.
On a year-to-date basis, the national capital saw a 3.5-per-cent increase as starts increased to 1,134 from 1,096 last year.
