Casey Edge: Homebuilders Association

Homebuilders Association: The Canada Mortgage and Housing Corp. is predicting this year will end with 500 single-family houses started, down nine per cent from last years 552 starts. , according to Times Colonist. A decade ago, 927 new single-family houses got underway, Casey Edge, of the Homebuilders Association, said. The following year, in 2004, there were 962 starts, he said. A lower number of single-family houses being built in Greater Victoria this year reflects not only struggling consumer confidence but tougher mortgage rules imposed by Ottawa, said the executive director of the Victoria Homebuilders Association. CMHC released its third-quarter housing forecast on Thursday. (www.immigrantscanada.com). As reported in the news.