Housing Starts and Housing Market

rental properties: More Related to this StoryIMF sounds fresh alarm over Canadian housing marketHow to really talk about Toronto million-dollar price tag for an average homeHousing starts fall sharply to lowest level since 2009 MultimediaCatch up: New housing market warnings and other stories you may have missed today Demand on the part of investors for low-cost rental properties has helpedshrink the size of the average condo unit, according to Globe and Mail. For The Globe and Mail real estateVideo: Why B.C. and Ontario have the nation hottest housing markets We feel good about the Canadian housing market, he said. David McKay believes consumer demand is roughly in line with supply, particularly after housing starts fell 16 per cent in February, rebutting concerns that sharply rising home prices have fed a speculative bubble that is in danger of bursting. Mr. He pointed out to his U.S. audience that multifamily residential housing – largely condominiums – are not financed without selling at least 70 to 80 per cent of the units prior to construction, preventing what he called the speculative build of excess supply. McKay said he expects economic growth of about 2.4 per cent this year, with lower energy costs and a cheaper dollar shifting economic activity to companies that export to the United States, providing a healthy backdrop to the housing market and driving overall domestic job creation. (www.immigrantscanada.com). As reported in the news.