Housing starts beat expectations, jumping 20%; condos, apartments up 30% – Mortgage Talk Canada

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US housing starts total 1.16 million in February, vs 1.21 million expected. Economists polled by Reuters had forecast housing starts falling to a pace of. The 30-year fixed mortgage rate dropped to an average of 4.28 percent last. Starts for the volatile multi-family housing segment jumped 17.8 percent to.

Housing starts beat expectations, jumping 20%; condos, apartments up 30%. OTTAWA – The pace of housing starts in Canada picked up in April as they rose more than 20 per cent compared with March, fuelled by the start of work on new multi-unit projects such as condominiums, apartments and.

'Pretty cheap money': canadian mortgage rates falling to their. Housing starts beat expectations, jumping 20%; condos, apartments up 30%.

by Steve Randall There was a further increase in home sales nationwide in May, finally returning sales to 10-year average levels for the month. The Canadian real estate association reported a 1.9% month-over-month increase while actual seasonal activity gained 6.7% year-over-year; the largest annual gain in three years.

February housing starts beat expectations.. Canada Mortgage and Housing Corp said on Thursday.. Multiple-unit urban starts, which include condominiums, edged up 3.3-per-cent gain to 115,400.

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Housing starts jump to decade high. The standalone monthly SAAR for housing starts nationwide was 253,720, up from 214,253 in February. There was a 20 per cent jump for urban starts, driven by a 30 per cent surge in multi-family; rural starts were estimated at 18,046 units..