Condos push housing starts up 4% in June

Growth in apartment-style housing starts pushed the overall Ottawa market up almost four per cent in June, according to recent numbers.

The Canada Mortgage and Housing Corp. stated there are 628 starts in June 2012 compared with 606 in June 2011.

Apartment condos rose 128 per cent in the same time period, to 315 this June from 138 the year before.

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All other segments of the Ottawa market saw declines. Row houses fell 35 per cent, semi-detached starts fell 15 per cent and single-detached homes fell 35 per cent.

On a year-to-date basis, starts in Ottawa are up 57 per cent to 3,798. Last year in June, the number of starts was 2,414.

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