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Canada upgrades housing forecasts
Canada's federal housing agency predicts work on new homes will increase this year and next, compared with an August call for a decline, in another sign of unexpected strength in the real estate market.
Work would begin on 189,500 units in 2015, up from 189,000 this year, which would be an increase from 2013 levels, Canada Mortgage & Housing Corp said in a quarterly forecast. In August, the agency predicted starts would fall this year and next from 2013.
Read the full article here.
Canada's federal housing agency predicts work on new homes will increase this year and next, compared with an August call for a decline, in another sign of unexpected strength in the real estate market.
Work would begin on 189,500 units in 2015, up from 189,000 this year, which would be an increase from 2013 levels, Canada Mortgage & Housing Corp said in a quarterly forecast. In August, the agency predicted starts would fall this year and next from 2013.
Read the full article here.