Call Today:

Slower Housing Starts

House Construction

Welcome to Mortgages For Less.ca, forward thinking Calgary mortgage brokers.

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.