Canada Mortgage and Housing Corporation CMHC predicts that the recovering economy and improved employment will push Ontario new housing starts up 18.9% in 2010. That will be 59,900 new home start units in 2010 up from 50,370 units in 2009. Of these new home units, it is predicted that 27,000 will be single home starts, and 32,900 will be multiple-family home starts. Resales are predicted to have 191,800 unit sales. The average price for a home is predicted to be $342,600. For more details on this article, visit their website at http://www.cmhc-schl.gc.ca/odpub/esub/61500/61500_2010_Q04.pdf?fr=1294347670140
Thursday, January 6, 2011
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