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Canadian New Home Starts Rise To Highest Level Since 2017, Pandemic Be Damned

Author: External Author | Aug 28, 2020 | Categories: Bank Mortgage , Builder Mortgage , Commercial Mortgage , Down Payment , First Time Home Buyer Mortgage , Home Equity Line Of Credit , Home Renovation Mortgage , Investment Property Mortgage , Mortgage Broker , Mortgage Pre-Approval , Mortgage Pre-Approvalv , Mortgage Refinance , Mortgage Renewal , New to Canada Mortgage Program , Private Mortgage , Reverse Mortgage , Second Mortgage , Self Employed Mortgage

Canadian real estate developers are scrambling to get shovels in the ground. Canadian Mortgage and Housing Corporation (CMHC) data shows new home starts jumped in July. The surprisingly fast bounce in starts means Canada is seeing the most starts since 2017 – despite the pandemic.

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Original Article Source Credits: Better Dwelling , https://betterdwelling.com/

Article Written By: Daniel Wong

Original Article Posted on: AUGUST 12, 2020

Link to Original Article: https://betterdwelling.com/canadian-new-home-starts-rise-to-highest-level-since-2017-pandemic-be-damned/