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BRIAN ELIZABETH
Buzzer
reply 164 vote 8
 

Do housing starts matter anymore?

The CMHC is showing that housing starts were up last month, but does it matter?

BuzzBuzzHome says that it is influenced by the condo market, http://blog.buzzbuzzhome.com/2011/10/full-steam-ahead-canadian-housing.html but this means that it has more to do with sales from a year + ago than current sales.
2
Canada / New Developments
 
 
 
MARCO DIFOTI
Senior Buzzer
reply 540 vote 39
 
 
I would have to agree with the above. Housing starts, at least in the major cities, are not a good measure of the current market.
However, if things started to crumble would banks still do financing even if sales were on place?
 
 
RATEHUB.CA
Buzzer
reply 115 vote 4
 
 
Good point. What about vacancy rates then?
 
 
 
 
 

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