Higher mortgage costs are expected to slow new home construction in 2008, but numbers will remain high by historical standards, Canada Mortgage and Housing Corporation said today.
CMHC predicts residential construction will drop to 214,650 units in 2008 from 228,343 in 2007, and seven of the 10 provinces will register a lower number of housing starts.
“Most of the pent-up demand that built up during the 1990s has now been fulfilled,” chief economist Bob Dugan said in a release.
The results came as total exports edged down 0.1% to $63.9B
More than one million contracts are up for renewal next year
Robert Ouellette has held executive positions in financial services, engineering, professional services, tech
Economists say the total was held down by the effects of strikes, hurricanes
If proposals pass, CRA can impose harsh new penalties and compel taxpayer testimony under oath
Majority underweighted energy and materials, overweighted consumer stocks over 17-year study
All fund categories reported strong inflows, except for cryptoasset ETFs