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Canada Mortgage and Housing Corporation: Oshawa Housing Starts Are Stronger Than Last Year

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25 weeks 6 days ago
Made popular 25 weeks 6 days ago

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http://www.marketwire.com

TORONTO, ONTARIO--(Marketwire - March 8, 2010) - Preliminary February figures released today by Canada Mortgage and Housing Corporation (CMHC) reveal that total new home starts in the Oshawa Census Metropolitan Area (CMA) were more than four times higher compared to February last year. Nevertheless, housing starts last month were below the long term historical average and were somewhat low relative to the number of sales in the second half of 2009. Single-detached homes continued to be the driving force behind the growth in new home construction.

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