Housing starts rising in June, 2016

Construction is mushrooming …
Image Source

What housing crisis?

Developers seem to think otherwise … Figures don’t lie. Good times are still here.

Canadas housing starts rises in June high demand to boost new home building in near-term

EconoTimes – ‎Jul 13, 2016
Canada’s housing starts reached 218,000 units in June, an increase from 187,000 units in May. The six-month moving average trend in the housing starts increased to 198,000.
Canadian New Homebuilding Responds to Hot Demand Conditions with Additional Supply 
Canada home construction picks up in June, boosted by apartments, Toronto condos (Housing-Starts) 

Pace of housing starts increased in June

theifp.ca – ‎Jul 11, 2016‎
Single-detached urban starts increased by 1.7 per cent to 59,883. Regionally, the pace of urban housing starts rose in B.C.

Canadian June housing starts218.3K vs 189.0K expected

ForexLive – ‎Jul 11, 2016‎
“Overall, June saw housing starts pick up pace in Canada, bolstered by apartment construction in Ontario – especially new condo construction in Toronto’s downtown core,” said Bob Dugan, CMHC Chief Economist.

BC’s soaring housing starts trigger construction cheers, economists’ concerns

Vancouver Sun – ‎Jul 13, 2016
Housing starts in B.C. are way up in the first six months of this year while the bulk of the country is flat or falling. That trend appears in the Canadian Mortgage and Housing Corporation’s most recent preliminary housing start data released this month.
Spike in home prices, lack of existing homes, drive ‘historic highs’ in construction: CMHC 
In May, it was a different scenario … isn’t it amazing developers can actually make changes so fast? I always think construction is a very long and tedious business, never thought such flexibility actually exist …

Building permits tick down by 1.9% in May

CBC.ca – ‎Jul 7, 2016‎
The value of Canadian building permitsunexpectedly fell in May, inching down 1.9 per cent from April’s level to $6.8 billion.
Building permits fall 1.9% to $6.8 billion in May: Statistics Canada 
Global Markets: Canadian building permits slump 
Yes, build …

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