David Haynes - Kanata Real Estate

New construction in Ottawa fell 57% in February due to the economic downturn.  The Canada Mortgage and Housing Corp. stated that work was started on 137 units this year compared with 317 units in February 2008. There were no construction starts in apartment units compared to 56 starts in February 2008.  On single family houses, ...

By Garry Marr, Financial Post with files from Bert Hill Canada Mortgage and Housing Corp. says the downturn in the economy will drive home construction to a nine-year low in 2009, a marked decline from the Crown corporation's November forecast. But Bill Clark, senior economist with CMHC, said it was impossible last quarter to predict the ...

Another good article by Bert Hill of the Ottawa CitizenOttawa housing construction starts fell 18 per cent in January as contractors cut back in the face of a troubled economy.Canada Mortgage and Housing Corp. said Monday there was a significant decline in condominium townhouse and single-family housing construction across the region, with ...