Apartment Construction and Census Metropolitan Area

federal agency spring: It says starts will remain relatively stable at 2,875 units in 2016, according to The Waterloo Record. Last year surge in construction was fuelled by record apartment construction. The federal agency spring housing market outlook calls for 2,925 housing starts in the census metropolitan area this year, down from 4,450 in 2014. Work started on buildings containing 3,057 condo and rental units last year, up from 807 in 2013 when housing starts totalled 1,840. It said demand from students, immigrants, young households and seniors means apartment starts will remain above the average of the past decade. The housing corporation is forecasting construction of 1,500 apartment units this year, a level it expects to be maintained in 2016. (www.immigrantscanada.com). As reported in the news.