Canada: CMHC

Housing Agency Dept: OTTAWA - CMHC says housing and related spending continues to be a major pillar of Canada's economy, according to Winnipeg Free Press. House-related spending rose 7.1 per cent to about $330 billion in 2010, the most recent full year of data and new homes are under constuction in Oakville, Ont., on April 14, 2009. THE CANADIAN PRESS/Nathan Denette The federal housing agency says more than 20 per cent of Canada's economy is related to spending on homes. (www.immigrantscanada.com). As reported in the news.