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BRIAN ELIZABETH
Buzzer
reply 166 vote 10
 

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 550 vote 45
 
 
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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