Oakville Newspapers

Oakville Beaver, 11 Aug 1993, p. 47

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"The process, however, will be graduâ€" al due to continued consumer concerns about jobs and takeâ€"home pay. As a result, total starts for the current year will be significantly lower than in 1992," he added. "During the Aprilâ€"June period, starts activity managed a partial recovery from a harsh winter and benefited from lower interest rates, which helped to keep most markets affordable. During the rest of the year, new construction should receive further support from the most recent drop in mortgage interest rates and from a recovering resale market," Gilles Proulx, Chief Economist at CMHC;s Market Analysis Centre. Starts recovered by 4.7 per cent to 127,700 units SAAR in urban centres and by 9.8 per cent to 25,800 units in rural Housing starts recovered 5.5 per cent to 153,500 units seasonally adjusted at an annual rate (SAAR) during the second quarter of 1993, reported Canada Mortgage and Housing Corporation. During the first quarter of 1993, housing starts had fallen to 145,500 units SAAR. Housing starts in partial recovery * tocilities ovall YYVONNE LUTTLE 338â€"29000. _ YYONNE LITTLE 338â€"29000 *# 0 0 6 6 6 6 6 6 0 06 0 6 6 6 6 6 6 6 6 6 6 0 6 6 6 6 6 0 6 o o o o a Starts jumped 38.6 per cent to 11,500 units SAAR in the Atlantic provinces with New Brunswick and Prince Edward Island reporting strong gains. Starts activity moderated in Nova Scotia and held steady in Newfoundland. Quebec starts activity gained 25.3 per cent to 37,600 units SAAR from a low first quarter level. In urban centres, both singleâ€"detached dwelling and multiple units reported gains. Rural starts were also up. areas. Within urban area,s multipleâ€"unit starts advanced 6.2 per cent while singleâ€" detached starts edged up 3.2 per cent. On a regional basis, activity bounced back from depressed levels in the Atlantic and Quebec regions while it slipped in other areas. Ontario starts fell 3.3 per cent to WATERFRONT PROPERTY CHARM AND CHARACTER! stome FP, walkout to 2 yr. old "Pioneer® kigney shaped pool, landscaped to @ perfection. Shows 10+++] Value priced at @ $259 NDOO. KEVIN STOKES JJBM m YVONNE LITTLE 338â€"2000 all Kevin for your private viewing of this ; len Abbey property. Over 4,000 sq. ft. of tal living space. Walkout basement @ ith full inâ€"law suite. Walking distance to @ A SUITE FOR YOUR PARENTS 41,200 units SAAR, the lowest level since the first quarter of 1991. The marginal decline resulted from lower starts activity in rural areas. In urban cenâ€" tres, higher construction of multiple units was partly offset by lower starts of sinâ€" gleâ€"detached dwellings. Prairie region starts fell 3.9 per cent to 22,400 units SAAR, still a strong level. The decline was concentrated in rural areas. Among the three provinces, activiâ€" ty weakened somewhat in Alberta while it gained strength in Saskatchewan and Manitoba. In British Columbia, housing starts inched down 1.2 per cent to 40,800 units SAAR, the second consecutive drop but still a strong output. The total was pulled down by lower activity in urban centres while rural areas posted higher starts. amenities. A 8reot move for nily. KEVIN STOKES 338â€"2000. FABULOUS FAMILY HOME for the whole

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