Saskatoon housing starts up for March

The Canada Mortgage and Housing Corporation (CMHC) has revealed a surge in Saskatoon’s housing starts for March, a sign that the area’s real estate investing is booming as “a lot more units have been initiated on a year-over-year basis.”
 
The CMHC last week said 177 units were initiated in March, compared to last year’s 72 units. Of these numbers, 123 are multi-households, while 54 were single-detached homes.
 
In total, 579 housing starts have been recorded in the Saskatoon area since the year started, a figure slightly below the 600 units at the same time in 2014, the Picayune Leader reported.
 
Moreover, CMHC’s preliminary housing begins for Canada final month have been at 13,043.
 

More Mortgage Guide