london new home starts lower in march

New home starts were lower in the London Census Metropolitan Area (CMA) in March according to preliminary figures released on April 11, 2012 by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 74 homes compared to 77 in March of 2011.

“Starts were down in the first quarter as well as in March. The lack of any apartment starts in the first quarter of this year compared to a significant number during the same period last year was the main factor accounting for the decline,” said Margot Stevenson, CMHC's Senior Market Analyst. “Weak employment growth has dampened demand for new housing.”

New construction for March included 53 single-detached homes in the City of London and 21 in the surrounding areas of the metropolitan area.

We would like to acknowledge the Indigenous Peoples in whose traditional territory we work and live: the Anishinabek; the Haudenosaunee; and the Lunaapeew. The three distinct First Nations communities within the Middlesex-London area are: Chippewas of the Thames First Nation; Oneida Nation of the Thames; and Munsee-Delaware Nation. We acknowledge the many longstanding treaty relationships between Indigenous Nations and Canada – including the London Township Purchase of 1796 between the Anishinabek and the Crown. This territory is now home to many First Nations, Metis, and Inuit peoples.
Each of us must honour these relationships, and we all have a responsibility to reconcile.

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london new home starts lower in march

LONDON AND ST. THOMAS ASSOCIATION OF REALTORS®

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