Saskatoon housing starts highest since 1982
Tuesday, January 10th, 2012This article coutesy GlobalTV Saskatoon:
A new report released Tuesday by the Canada Mortgage and Housing Corporation (CMHC) says housing starts in Saskatoon for 2011 were at its highest level since 1982.
CMHC says there were 2,994 total starts in the Saskatoon CMA last year.
That is an increase of 25.7 per cent from 2010.
For single-detached housing, construction started on 1,608 units during the year, a decrease of 1.8 per cent from the previous year.
Multi-family unit construction starts, which include semi-detached units, rows and apartments, were up 86.5 per cent from 743 in 2010 to 1.386 in 2011.
CMHC Senior Market Analyst for Saskatchewan Michael Fabiyi says an expanding economy and labour market in the province attracted migrants which “fuelled a pace of starts rarely seen across the province.”
Regina also saw an increase in 2011, with construction started on 1,694 new units, the highest annual output in that city since 1983.
Swift Current, Yorkton, Lloydminster and the Battlefords also had year-over-year increases in housing starts during 2011.
Read it on Global News: Saskatoon housing starts at highest level since 1982: CMHC
