 |
| RCMI - Condo from Chinatown |
Housing starts in the Toronto, Census Metropolitan Area (CMA) were trending at 34,386 units in May compared to 33,777 in April according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.
"With the condo apartment construction market opening the year on a softer note, the backlog of condo units sold for the most part in 2011, but not started, resulted in stronger numbers in May. This, in tandem with low-rise homes (singles, semis, and rows), pushed total housing starts higher," said Ted Tsiakopoulos, CMHC's Ontario Regional Economist.
CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next.
The standalone monthly SAAR was 40,892 units in May, up from 27,319 in April.
Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables.
GET STREAMING TV FOR FREE
Hola Unblocker is a web browser extension that removes region locks and allows you to watch top TV and movie streaming websites such as Netflix, Hulu, BBC iPlayer, Pandora and many more regardless of where you are at the moment.(Try the hola unlocker) This plugin is absolutely free and doesn't require any set-up or configuration. It works right out of the box! Have you ever tried to unblocking netflix. You now have an option to see the best content on the internet, you can even use it to play the unblocking bbc iplayer. Have you ever tried unblocking hulu
No comments:
Post a Comment