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.
OBJ360 (Sponsored)
Don’t get left behind: Keep pace with the job market by AI upskilling at uOttawa
uOttawa’s Paula Branco was a math teacher in Portugal for more than a decade before deciding to boost her career by going back to school. “I’m one of those people
Minto’s Metro Towns at Anthem in Barrhaven & Parkside in Kanata offer attainable home ownership
Guided by the needs of homeowners, Minto has been building new homes and master-planned communities across Canada and the USA for 70 years. To ensure the best quality of life
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
