Condo construction starts hit new record in Toronto.

Original article via Financial Post. Click here to read.

The red-hot condominium market drove an increase in new home construction in Canada last month as starts of single detached houses continued to fall, new data shows.

Housing starts rose to 229,737 in February, a 7 per cent increase compared to the previous month, according to seasonally adjusted annual rates from the Canada Mortgage and Housing Corporation. Construction of condominiums and other dwellings containing multiple units jumped by 14 per cent nationwide, compared to a 7 per cent decline in single-detached houses.

No Comments

Post A Comment

Sign up for Toronto real estate property updates.

 

Join thousands of Torontonians who receive our automatic Toronto real estate property updates. Stop manually spending your time searching through listings, and let us send the properties that meet your criteria directly to your inbox.