CMHC Housing Report Q4, 2011
By Robert Koci
It looks like Canada won’t hit 200,000 starts this year, but the final number will be close. And there is promise of a strong housing market in 2012. CMHC’s Q4 housing report suggests a leveling off of starts, from about 191,000 in 2011 to around 182,000 in ’12. With total value of renovations estimated at $450 billion, our industry is still standing tall.