Once Again Barrie Ontario leads the way for Housing starts for all of Canada
CMHC has released its CMA (Census Metropolitan Area) report for housing starts, year over year change. Although Alberta has been in the news recently with all its booming real estate growth, Barrie Ontario once again tops the list at a whopping 114% increase. The second place for housing starts was Kelowna BC, at almost half what Barrie is, at a year over year change increase of 61%. As a comparison, and to put things into perspective, Edmonton has seen a -42% change in its housing starts.
What this means for real estate investors
In a nutshell, housing starts is construction related. Construction means jobs, and purchasing of materials. Purchases and jobs mean growth for real estate in the long run. Barrie Ontario once again remains Canada's fastest growing city. And from that analysis the opposite is true. A negative change in housing starts means a decrease (loss) of jobs and less material purchases. A lot more can be extrated from this report ( trickle down affect), but I like to keep it simple.
As investors, local statistics like this one add another bullet point to our real estate analysis spreadsheet.
Mark Vosylius
Mana Investments - www.manainvestments.com - We work with real estate professionals, joint venture partners invest in real estate in Barrie, Orillia, Collingwood, Midland and the Muskoka's
The Six Steps to Success - www.sixstepstosuccess.com - Helping you achieve success in goal planning.
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