Regina Homes & Condos For Sale|Regina Real Estate 

RSS

Regina home builders started work on 88 housing units in April, down 25 per cent from 117 in April 2015, according to Canada Mortgage and Housing Corp. Kiley Long with Pacesetter Homes measures a basement wall in the Edgewater subdivision in northwest Regina. Regina home builders started construction on 88 housing units in April, down 25 per cent from 117 in April 2015, according to Canada Mortgage and Housing Corp.

 

Declines were seen in single-detached homes, which were down 24 per cent to 50 in April, and multiple-unit starts, which were down 26 per cent to 38 units last month, compared with the same period last year.

 

For the year to date, housing starts were down about 15 per cent, with 323 total starts to the end of April, compared with 381 during the first four months of 2015, CMHC said.  

 

However, housing starts in the Regina area were trending stable at 1,286 units in April, compared with 1,285 in March. The trend is a six-month moving average of the monthly, seasonally adjusted annual rates (SAAR) of total housing starts.

 

“The trend in total housing starts remained stable in April after an increasing trend in single-detached construction was countered by a declining trend in multi-unit production,” said Goodson Mwale, CMHC’s senior market analyst for Saskatchewan.


“The pace of Regina’s housing starts so far in 2016 continues to be constrained by weaker economic cond

Read
Aaron Habicht
Cell:1-306-536-2454
Sutton Group - Results Realty
3904 B Gordon Road
Regina, SK
S4S 6Y3 CA
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.