Skip to main content

Canada Mortgage and Housing Corporation predicts a rise in housing construction.

In today’s news release by CBC, CMHC’s chief economist, Bob Dugan, has said that the increased demand for new homes across Canada is as a result of the strong pace of sales of existing homes as seen for the most part of 2009, along with continued low mortgage rates.

This is great news for all those in the construction trades, I’m sure! Let’s all hope this trend continues, especially the low mortgage rates!

By the way, the Bank of Canada also announced today that there will not be any change to their lending rate at this time.