Canada Mortgage and Housing Corporations January 2011 housing starts

Canada Mortgage and Housing Corporation is reporting that housing starts for Vancouver Census Metropolitan Area (CMA) in January increased compared to the same month last year totalling 1436 homes.

What we are seeing now is these projects that were on paper 1 to 2 years ago, breaking ground this year.

The National housing starts are 170,400 units in January compared to 169,000 last year.

To download CMHC's housing report follow this link: www.cmhc.ca/housingmarketinformation

or you can call 1-800-668-2642