Housing Starts for Nova Scotia

Below is the latest data from CHMC (The Canada Mortgage and Housing Corp) on housing starts for Canada. There were strong everywhere except Newfoundland. Here in Nova Scotia where they were flat. (Actually the same as last year which is not particularly bad news).

"It is too early to make particularly meaningful year-over-year comparisons. Still, it is interesting to note that there was a year-over-year increase in housing starts in the latest month in every province of Canada except Nova Scotia (0%) and Newfoundland (-15%).

Saskatchewan and Manitoba had the largest percentage gains. They are also the two provinces with the lowest unemployment rates in the country: Saskatchewan at 4.7% and Manitoba at 5.4%.

On a month-to-month basis, it was British Columbia (+19.8%) that made the largest percentage gain in starts in January 2010 versus December 2009."

Please click on the thumbnail below to read the full article.



Mike Smith is a Realtor in Halifax, Nova Scotia