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Ottawa homebuilders keep momentum in May

Ottawa homebuilders keep momentum in May

On Monday, the Canada Mortgage and Housing Corp. said developers started construction of 507 homes last month. That's a huge plunge from the 1,595 starts recorded a year earlier, but May 2012 was an anomaly driven by a spike in apartment starts and is …
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UPDATE 2-Canadian May housing starts suggest boost for economy

TORONTO, June 10 (Reuters) – Canadian housing starts jumped much more than expected in May from April, the Canada Mortgage and Housing Corp said on Monday, in the latest sign that the broader economy is gaining momentum in the second quarter.
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Canada Housing Starts Rise at Fastest in 13 Months on Condos (1)

Canadian housing starts rose at their fastest pace in more than a year in May on a surge in condominium construction, Ottawa-based Canada Mortgage & Housing Corp. said on its website today. Work began on 200,178 units at a seasonally adjusted annual …
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