The surge in new home construction showed no signs of slowing last month as Ottawa homebuilders continued to launch new projects at an accelerated pace, according to data from the Canada Mortgage and Housing Corp.
Developers launched 463 housing starts in April, the CMHC said this week. That’s up 53 per cent from 302 starts in April 2016.
So far this year, homebuilders have started work on 1,817 new properties, up by two-thirds over the 1,095 starts during the same period a year earlier.
(Sponsored)
Local businesses face hiring obstacles due to immigration pullback, flawed screening
In his 39 years of practicing immigration law, Warren Creates (a rare Law Society Certified Specialist) has never seen an environment so challenging for employers looking to hire workers from
How The Ottawa Hospital uses AI tools to boost health outcomes and streamline clinical efficiency
Dr. Douglas Manuel says it all began with the Ottawa Ankle Rules algorithm, a set of clinical guidelines developed in the early 1990s by The Ottawa Hospital’s Dr. Ian Stiell
Nationally, CMHC said the annual pace of new housing starts fell 15 per cent last month compared with March.
The move lower came as the pace of multi-unit urban starts fell 16.7 per cent and single-detached urban starts dropped 12.1 per cent.
– With reporting by the Canadian Press
