canada mortgage and housing corp.

Woodworking Industry News

Canadian housing starts expected to grow in 2010 and 2011

OTTAWA, ON - Housing starts rebounded in the second half of 2009 and will strengthen in 2010, according to Canada Mortgage and Housing Corp.’s first quarter Housing Market Outlook, Canada Edition. Following a total of 149,081 units in 2009, housing starts are expected to be in the range of 152,000 to 189,300 units in 2010, with a point forecast of 171,250 units. In 2011, the CMHC said housing starts will be in the range of 156,400 to 205,600 units, with a point forecast of 175,150 units.