Canada Mortgage and Housing Corp. says the level of home construction will continue to trend downwards in the last quarter of this year and into 2011.
The federal Crown corporation says the reduced activity will be more in line with the rate of Canada’s population growth than in the past decade when low interest rates helped stimulate pent-up demand for home sales. It’s currently estimating about 186,200 housing starts this year. To read more by the l Daily Commercial News click here
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