Housing market is leveling off - MoneySense

Housing market is leveling off

April sees a small increase in building activity according to TD.


TD Bank has released their latest report on Canadian housing starts, and the news is as expected: the market is leveling off, with only a modest increase in building activity reported last month. The west saw the greatest building gains, while the east saw the least. No surprise there. In the resale market, price gains should be cooling down over 2010.

Also of note—construction of rural and single family homes has declined steeply, while multi-unit urban housing is seeing big gains.