Residential construction staying stable, says CMHC
September 7, 2011
The Canada Mortgage and Housing Corporation (CMHC) forecasts the country's housing industry to remain steady for the next two years.
In its third-quarter report, "Housing Market Outlook, Canada Edition," the crown corporation predicts 2011 starts will be in the range of 166,300 to 197,200 units, with a point forecast of 183,200 units.