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Winnipeg is one of only five Canadian cities surveyed to have positive expectations for housing starts for both the short and long term.
The future looks bright for local homebuilders, according to a new report from the Conference Board of Canada.
In its May Metropolitan Housing Starts report, released today, the Ottawa-based think-tank said Winnipeg is one of only five Canadian cities surveyed to have positive expectations for housing starts for both the short and long term.
It said short-term expectations are based on residential building-permit data, while long-term expectations are based on demographic requirements.
Of the 28 cities surveyed, Winnipeg also had the biggest year-over-year increase in starts in April, the board said.
Canada Mortgage and Housing Corporation reported last month there were 555 single- and multi-family starts recorded in April in the Winnipeg Census Metropolitan Area (CMA). That was a 117 per cent increase from April 2012’s total of 256.
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