LONDON, January 10, 2012 New home starts were up in the London Census Metropolitan Area in December according to preliminary figures released today by Canada Mortgage and Housing Corporation (CMHC). However, in the year ending December 2011, single-detached home starts were down nearly twenty per cent compared to 2010.
“Single-detached housing starts have been gradually increasing over the last few months on a seasonally adjusted basis,” said Margot Stevenson, CMHC’s Senior Market Analyst. “The strength in both the single-detached and townhouse segments indicates new residential construction ended the year on a positive note,” added Stevenson.
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