Take Stock – October 9

The seasonally adjusted annual rate of housing starts reached 150,100 units in September, down from 157,300 units in August. Canada Mortgage and Housing Corp. attributes the decline to a 21.4 per cent drop in multiple-unit starts, to 62,700.

Annual rate of housing starts slips in September: CMHC

The seasonally adjusted annual rate of housing starts reached 150,100 units in September, down from 157,300 units in August. Canada Mortgage and Housing Corp. attributes the decline to a 21.4 per cent drop in multiple-unit starts, to 62,700. The agency reports urban singles rose 16.8 per cent to 68,800 units, their highest level so far this year. CMHC says housing demand has strengthened and predicts housing starts will be stronger in the second half of 2009. The seasonally adjusted annual rate of urban starts declined 5.2 per cent to 131,500 units in September. Urban starts rose 11.8 per cent in Ontario and fell 20.2 per cent in Quebec, 18.1 per cent in British Columbia and 4.7 per cent in the Atlantic. They were unchanged in the Prairies.

Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units in September.


Average home prices up slightly: survey

The housing market may be recovering, but is experiencing an undersupply of homes for sale in southern Ontario and elsewhere in Canada.

That’s according to the latest house price survey by Royal LePage.

It says with the recession retreating, home prices are stabilizing and unit sales are increasingly driven by improved affordability. Royal LePage says the average price of a two storey home in Canada is up just 0.1 per cent from a year ago at $409,335. Average bungalow values grew 0.06 per cent year-over-year to $341,146, while the price of an average condo increased 0.09 per cent to $243,748. Royal LePage says a shortage in housing supply is leading to bidding wars in several cities, including Edmonton, Calgary, North and West Vancouver, and Victoria. While the Atlantic provinces saw a strong recovery in home prices, British Columbia and Alberta have been slower to recover from significant price corrections in 2008.

Just Posted

Lacombe council seeking answers about policing cost overruns

Council surprised to find out about $240,000 policing budget shortfall

Red Deer fundraiser to help educate Somali orphans on May 11

The Mother’s Day event is for all ages

These blues will get you dancing: The Overdue Blues Band performs in Red Deer Saturday

Calgary’s Brother Ray Lemelin Band is also on Elks Lodge bill

Gardening: Time and effort key to buying garden plants

Greenhouses, garden centers and box stores are set to start selling bedding… Continue reading

Montreal native Nicholas Latifi off to solid start on Formula 2 race circuit

Practice makes perfect for Canadian Nicholas Latifi. The 23-year-old Montreal auto racer… Continue reading

Bruins victory over Leafs ensures an American team will hoist the Stanley Cup

TORONTO — Many NHL players were either not yet born or too… Continue reading

Swole, buzzy, among new words in Merriam-Webster dictionary

BOSTON — Get swole, prepare a bug-out bag, grab a go-cup and… Continue reading

Garner graces cover of People’s annual ‘Beautiful Issue’

NEW YORK — Jennifer Garner graces the front of this year’s “Beautiful… Continue reading

Updated: Joshua Arthur Sanford has been found, says RCMP

37-year-old Ponoka man last seen on Tuesday morning

Inspired by a galaxy far, far away, these ‘Star Wars’ mementos could be yours forever

CHICAGO —The stuff of “Star Wars” —and there is unfortunately no better… Continue reading

Shoppers Drug Mart launches second online medical pot portal in Alberta

TORONTO — Medical cannabis users in Alberta can now get their therapeutic… Continue reading

Most Read