CMHC reports quickening pace in residential construction
HALIFAX, NS] ` Housing starts in Halifax were trending at 3,375 units in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
`The pace of residential construction in Halifax increased in March,` said Matthew Gilmore, CMHC's Senior Market Analyst for Halifax. `The quickening pace was attributed to increased levels of activity in the multiples segment of the market,` added Gilmore.
Read the full article
here.