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h ational housing starts held : practically steady in May at 156,900 units, reported Canada Mortgage and Housing Corporation. National housing starts hold steady in May Countrywide 338-6550 TOWN CENTRE REALTY 1N .- mmmmw 'Sales Representative "Assodate Broker "‘Bloker Office Hours: Mon-Fri. 9-9, Sat. 9-5 $179,000. Charmin older home on mature lot awaits your T.L.C. ALLAN MN (905) 338-6550. 'Sales Representative “Assodate Broker "“Bloker (905) 338-6550 Countrywide 338-6550 TOWN CENTRE REALTY INC. awmmwa fim On a seasonally adjusted annual rate (SAAR) basis, total starts were 0.8 per cent lower than the level of 158,200 units reached in April. Starts of multiple dwellings rose 1.2 per cent $349,900 $495,000 3500.000 JEAN KEN (905) 338-6550 Spotless 3â€"bedroom situated on a beauflful lot 60’x125', trult trees Include peach, apple, plum. Walk to all NNED\ OVER $300,000 Freehold overlooking harbour. Gorgeous home in Duke Estates (Ravine) 10 acres 4» post beam construction. to 57,000 units SAAR in May, from a level of 56,300 units in April. Starts of single detached homes fell 2.6 per cent to 73,500 units SAAR, compared to 75,500 units in April. ' CUSTOM DREAM HOME Countrywide Town Centre Realty Inc. 905-338'6550 you are thimlkimgof Real]! Estate Allan Bain Allan Bain Allan Bain $264,900. Gogeous home, approx. 2700 sq. ft. 8. rofesslonal nlshed rec room. Must be seen! [EFF BUICK (90 1338-6550. , Urban starts in Ontario fell to 39,800 units (SAAR) in May from 43,700 units in April due to lower starts of both single and multiple units. Sub-provincial data show diverging trends. Single starts so far this year are sharply ahead of 1993 results in cen- tres with a strong automotive industry base like Oshawa, Windsor and St. Catharines. In contrast, activity still lags behind 1993 levels in Toronto in spite of the recent strength in home sales. In Quebec, urban starts inched up to 36,100 units (SAAR) from 36,000 in April. This third consecutive monthly gain resulted from higher starts of multiple units as the demand for first- time buyer products remains strong. This has especially been the case in Montreal and Quebec City. During the last month, single detached starts inched down. British Columbia urban starts rebounded in May to 30,000 units (SAAR) from 28,600 units in April. Starts of single detached homes held steady while starts of multiple units recovered, but to a level that remains low compared to those achieved in 1993. Multiple activity is mainly con- centrated in condominium apartment and row housing projects. In the Prairie region, urban starts rose to a rate of 16,700 units (SAAR) in May, up from 16,300 units in April. Starts bounced back in Manitoba reaching 2,100 units (SAAR), up from 1,200 units the month before. The trend was also up in Saskatchewan with 1,800 units (SAAR) compared to 1,200 in April. Alberta starts fell to 12,800 units (SAAR) from 13,900 in * The SAAR is a monthly figure that is adjusted to remove normal seaâ€" sonal variation and multiplied by 12 to reflect annual levels. “Construction activity is holding on despite recent jumps in mortgage interest rates. Related indicators of the housing market such as sales of exist- ing homes and building permits, also continue to show resilience,” said Gilles Proulx, chief economist at CMHC’s market analysis centre. Urban starts jumped to 7,900 units (SAAR) in the Atlantic region, from 7,200 units the month before. Building activity rose in Newfoundland (to 2,400 units) and Nova Scotia (to 2,900 units) while it was lower in New Brunswick (to 2,000 units) and Prince Edward Island (to 6000 units). “Regionally, construction starts changed only slightly. Lower starts in Ontario were partly offset by moderate increases by other regions,” Proulx added. April.