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With home prices continuing to rise and and the on-going rebound in sales the home selling industry is looking forward to a good year in 2014. But the home building industry is showing definite signs of a slowdown.
The latest numbers best online casino from CMHC show another decline in housing starts in January. It was the third monthly drop in a row. As well, the value of building permits issued across the country has also been declining.
The six month moving average from Canada Mortgage and Housing Corporation shows construction starts dipping to a little more than 191,000 for January, down about 3,000 from December.
Economists say the sluggish performance of the Canadian economy, an over saturation of condos and the likelihood of a modest increase in interest rates will probably hold home construction in check through 2014.