Wednesday, March 21, 2007

CMHC announces housing starts

CMHC announced that housing starts in the month of February were down approximately 20% from a year ago. CMHC said that this drop in new starts was due to unusually strong January where most of Canada saw warmer than usual weather therefore allowing homebuilders an opportunity to get a jump on there projects. Visit MyMortgageBC.com for more information about obtaining a construction mortgage.

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