Wednesday, March 10, 2010

February Housing Starts up 5 Fold

Hank Daniszewski of the London Free Press reported that with even the February snow the London area housing market was heating up with the most single-family housing starts in more than a year. The Canada Mortgage and Housing Corp. (CMHC) said 150 single-family homes were started in London-St. Thomas last month, topping any month in 2009. The number of starts was five times as many as February 2009 when the market was in the middle of a deep slump. CMHC Analyst David Lan said the local market has been on an upswing since last Sept. "We are back to our long term pre-recession numbers". Which is great news for this area as the market is beginning to heat up with the spring like weather.

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