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First Notice: housing starts; trades training; sales forecast

First Notice: housing starts; trades training; sales forecast

 

CMHC reports decline in housing starts 

Canada Mortgage and Housing Corporation in its trend analysis today reported 242,777 housing starts in February 2021, down from 244,963 units in January 2021. The trend measure is a six-month moving average. Multiple urban starts decreased by 15.8 per cent to 163,757 units in February while single-detached urban starts decreased by 9.3 per cent to 67,285 units.  

 

Feds to announce trades training funding 

Watch for a federal government announcement on Union Training and Innovation Program funding to support certification in skilled trades this morning. The Ministry of Employment, Workforce Development and Disability Inclusion will make the announcement at 10 a.m. EDT. 

 

CREA forecasts record sales through 2021 

The Canadian Real Estate Association today announced an update of its forecast for home sales activity via its Multiple Listing Service systems. The outlook for housing market fundamentals suggests activity will remain strong through 2021, resulting in a record number of sales, but 2022 is expected to see fewer MLS transactions compared to 2021, while remaining above all other years on record.  

 

CT REIT announces dividends 

CT Real Estate Investment Trust today announced a distribution for the period of March 1, 2021 to March 31, 2021 of $0.06693 per trust unit. CT REIT’s portfolio is comprised of over 350 properties totalling approximately 29 million square feet of GLA, with Canadian Tire Corporation its most significant tenant. The REIT recently announced it has two expansion projects underway, in Cochrane, Ont. and Coteau-du-Lac, Que. 

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