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.
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.
Federal government announces $33 million for Saskatchewan infrastructure
The Government of Canada announced it will put $33 million in joint funding towards 26 Saskatchewan infrastructure projects. The funding will focus on recreation facilities, water and bridge projects with the federal government investing more than $21 million in these projects through the Investing in Canada plan. The Government of Saskatchewan is contributing over $12 million.