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Strong year-over-year rebound for Saskatoon housing starts

 
Saskatoon home builders were busy starting 177 homes during the month of April, a significant rebound from 2009’s miserably low number of just 25 homes according to a report released by Canada Mortgage and Housing Corporation(CMHC) today.


So far this year, 542 homes have been started in the Saskatoon census metropolitan area, up from 114 during the first four months of 2009.


The majority of this year’s starts are detached single-family homes (442) while the balance fall to the multi-family category consisting of semi-detached homes, apartments and town homes.


According to CMHC, April marks the tenth consecutive month of year-over-year gains for single-family home starts in Saskatoon.


Nationally, housing start numbers were pushed higher by strong growth in the multi-family category while single-family starts waned.


CMHC's full report is here.


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Norm Fisher
Royal LePage Vidorra

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