Property News · March 12, 2018

Toronto housing starts, building permits rise on condo strength


Housing starts rose unexpectedly in February in Toronto, Canada’s largest city, and building permits surged the previous month as demand for condos continued to bolster an otherwise slowing market, two new reports show.
Groundbreaking for new homes rose to a 229,737 unit annual rate in February, defying expectations for a flat month, as a surge in construction of new buildings with multiple units, typically condos, more than offset a slowdown in single-detached starts, the Canada Mortgage…

Source : South China Morning Post
Read more…Toronto housing starts, building permits rise on condo strength

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