The streak of higher-than-normal activity stretches back over nearly two years, buoyed by a hot housing market and renewed buyer confidence.
'The condo market is well-served … but there’s undersupply of every other type of home.'
CMHC numbers suggest the upward trend that began in 2017 is continuing in the early part of this year.
Industry watchers had predicted a rebound in housing starts in 2017 following several years of declines.
Year-to-date housing starts up 29% over 2016.
Through the first three quarters of the year, housing starts increased a whopping 36 per cent from 3,801 homes in 2016 to 5,169 this year.
Industry officials have previously said the industry is recovering alongside a rebound in consumer confidence following years of belt-tightening under the Conservative government that limited the…
Rental apartments drive increase as homebuilders diversify
The busy year continued for Ottawa homebuilders in June as local developers posted double-digit increases in housing starts over last year, according to the Canada Mortgage and Housing Co
Ottawa’s residential construction industry picked up more steam in May as homebuilders continued to accelerate the pace of new housing starts, the Canada Mortgage and Housing Corp.