“Intergenerational housing models like this are essential for building strong communities and supporting healthy aging,” said George Burton, President and CEO of Canadore College. “We’re excited to partner with DNSSAB on this project, helping to meet a critical need in our community.”

“This project reflects how DNSSAB’s vision of healthy, sustainable communities continues to grow stronger with every step we take alongside our community partners,” said Mark King, DNSSAB Board Chair. “Collaborating with Canadore College has brought this innovative housing model to life, addressing real needs in our community while fostering connections that will have a lasting impact.”

The intergenerational housing project targeting mature adults consists of 61 two-bedroom units located on Commercial Street in downtown North Bay. Currently, 39 units are available, with the remaining 22 expected to be ready by May 1, 2025. Eligible tenants will be selected from the DNSSAB housing waiting list or the Coordinated Access Nipissing Prioritization List and will be paired as roommates using the same matching process Canadore College employs for student residences.

This tenancy model expands upon The Village, Canadore College’s health and wellness training facility at the Education Centre campus. Designed to encourage collaboration in community-based service delivery, The Village provides a holistic, intergenerational environment for care and support. As part of this initiative, Canadore students will also reside on-site, paired with each other as roommates, offering health and wellness support services to tenants.

“This project is about more than providing housing—it’s also an extension of our Village Model, creating hands-on learning opportunities for our students,” said Burton. “It brings value in multiple ways, and we’re proud to be part of it.”

“Today, as we cut the ribbon on this housing project, we’re celebrating more than just the opening of new apartments—we’re celebrating the power of collaboration and progress,” said King. “This model not only provides housing but also creates a shared space where generations can connect and thrive together. It’s a proud moment for our community and a step forward in building inclusive, sustainable solutions.”

After the formalities, DNSSAB gave potential tenants a tour of the units.

The post Canadore College And DNSSAB Officially Open New Housing Project appeared first on Muskoka411.

“The City of Orillia is incredibly grateful to the Government of Canada for this significant investment in our community through the Housing Accelerator Fund. Access to safe and affordable housing is a key priority for Council and our community, and this funding will allow us to take meaningful steps to fast-track housing initiatives and increase supply,” said Mayor Don McIsaac. “By working together with all levels of government and community partners, we are committed to creating more housing options for residents and ensuring Orillia remains a vibrant and inclusive place to call home.”

“Our government is committed to removing barriers and cutting red tape to enable housing development, and these partnerships with Ontario communities like with the City of Orillia will do just that,” said The Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities. 

This investment will support the development of new affordable housing in the community over the next three years. Orillia’s successful application is focused on creating 100 additional affordable housing units within a three-year period.

The City submitted a Housing Action Plan that included nine key initiatives to increase the housing supply, such as expanding mixed-use zoning, reducing parking requirements near transit, implementing an e-permitting system, and streamlining approvals for non-market and purpose-built rental developments. More information about the HAF2 Housing Action Plan can be found at orillia.ca/housing.

A critical component of the funding requires the City to pre-zone residential lots for up to four dwelling units. A public meeting on this proposed Zoning By-law Amendment is scheduled for March 24, 2025, at 12:30 p.m. in the Council Chamber at Orillia City Centre (50 Andrew St. S.). More information regarding the public meeting will be available by March 1, 2025.  

Another component of the funding is a City of Orillia grant program, which will be launched in September 2025, with a goal of distributing the first installment of HAF2 funds to eligible non-profit housing projects who have shovel-ready housing projects. Information sessions, grant guidelines, and applications will be available in July 2025.  

The HAF2 is a $400 million federal initiative designed to assist municipalities that previously applied during the first round of funding but were not selected. The program aims to accelerate housing supply and address systemic challenges across Canada.

The post Orillia Secures $4.5M Federal Housing Accelerator Funding To Fast-Track Housing appeared first on Muskoka411.

The Town is working with various levels of government to address housing needs and has undertaken several different initiatives to try and alleviate some of the pressures related to housing, such as reducing barriers for multiple residential development and secondary suites, and rebates of Town development-related fees for affordable housing.

“There are many policy changes that have been implemented through various levels of government to address the housing crisis, however the steps taken to date have not resulted in the Town’s local needs being fully addressed. Staff and Council are making it a priority to hear the needs of the community to inform a local-level strategy,” notes Mayor Nancy Alcock.

To address both immediate housing needs and those tied to continuing growth, the Town is conducting a Housing Needs Assessment. This tool will document and review the housing situation in Huntsville and gain a common understanding of the need, demand and limitations of the existing and projected supply of housing.  This assessment will form the background and rationale for developing a housing strategy to address housing challenges in the community.

“Municipalities want to work with the community and stakeholders to address this need. But the challenge for municipalities is how to encourage a profit driven private sector development industry to include the construction of attainable housing, rental housing, and affordable housing in their business models and development plans for the growth areas of municipalities,” notes Mayor Alcock. “Our goal with this survey is to better understand the current landscape of housing in Huntsville from all community members, this includes hearing from tenants, landlords, property owners and developers, so that we can consider the barriers that might exist for housing and develop policies, allocate resources and ultimately provide solutions to achieve the much-needed housing for Huntsville.”

The Town of Huntsville is seeking public input on housing needs in the community with the Housing Needs Assessment Survey on myhuntsville.ca. The survey is open for input until October 10, 2024, to all community members. The Town will also be hosting a Housing Needs Open House in Partner’s Hall on October 7 from 6-8 p.m. Feedback will play a vital role in shaping the future of housing in the community, as it will directly inform new policies and initiatives aimed at improving housing affordability and access for all residents.

Housing Needs Open House

Date: Monday, October 7, 2024
Time: 6-8 p.m.
Location: Partner’s Hall
Huntsville Civic Centre (37 Main Street East)

To take the Housing Needs Assessment survey and learn more about this initiative visit myhuntsville.ca.

For more information on the Town of Huntsville Strategic Plan, and commitment to housing and balanced growth please visit Huntsville.ca.

The post Huntsville Prioritizes Housing Needs And Seeks Public Input In New Survey appeared first on Muskoka411.

Provincially funded through the Ministry of Municipal Affairs and Housing’s Homelessness Prevention Program (HPP), this intensive program will invite participation from eligible individuals from the DSSAB’s By-Name List who require additional support to obtain and maintain safe and stable housing. With the assistance of DSSAB staff, each participant will develop an action plan, with progress monitored through weekly meetings, or more often depending on the needs of the individual.

“Coordination of wraparound supports with our community partners will be crucial to the success of these participants and the program,” said Tammy MacKenzie, Chief Administrative Officer.

“This program relies on strong partnerships with our Mental Health and Addictions Worker from the West Parry Sound Health Centre, Community Paramedicine, and support from the Nurse Practitioner-Led Clinics and CMHA Muskoka-Parry Sound. It is also staff-driven through the efforts of our Housing Stability and Ontario Works teams who provide one-on-one housing, life stabilization and financial assistance.”

The project was made possible through the conversion of an existing duplex, recently converted into two one-bedroom units and two two-bedroom units for a total of six bedrooms. Intended to provide secure and stable housing for vulnerable individuals at risk of homelessness, the project’s goal is to provide stability in a home setting that encourages life skills and housing responsibilities.

“This program will allow the people we serve the time they need and support necessary to ensure better outcomes in their exit from homelessness,” said Rick Zanussi, DSSAB Board Chair. “This project is a model that we would like to replicate across the district as new opportunities become available.”

If you know of someone who may be experiencing homelessness, at risk of homelessness, couch-surfing or struggling to maintain their home, please contact the office to discuss how being added to the By-Name List can help. Please call (705)746-7777 Ext 5269 or visit www.psdssab.org/bynamelist for more information.

The post Transitional Housing Program Opens In East Parry Sound appeared first on Muskoka411.

The six-month trend in housing starts decreased 0.4% from 248,260 units in May to 247,205 units in June. The trend measure is a six-month moving average of the SAAR of total housing starts for all areas in Canada.

The actual number of housing starts across Canada in urban centres of 10,000 population and over was down 13% to 20,509 units in June compared to 23,518 units in June 2023. The year-over-year decrease was driven by lower multi-unit starts, down 16%, while single-detached starts were similar to last June.

June’s total actual housing starts were markedly lower in two of Canada’s three major cities compared to June 2023, with Toronto down 60% and Vancouver down 55%. Both cities recorded significant declines in multi-unit construction. Montréal was up significantly at 226%, due to much higher multi-unit activity.

Through the first half of 2024, Canada’s six largest Census Metropolitan Areas (CMAs) saw a modest 4% combined year-over-year increase from 2023, driven by higher starts levels in Calgary, Edmonton, and Montréal which made up for decreases in Vancouver, Toronto, and Ottawa. Among the largest of the big six CMAs, Vancouver and Toronto have seen apartment starts slow as high interest rates and weak condominium pre-construction sales appear to be affecting these centres negatively. Meanwhile, Montréal has observed higher multi-unit construction this year, with apartments starts up 63% from the 8-year low recorded in 2023. Also of note is the higher construction activity in Calgary and Edmonton as starts increased across all dwelling types, driving total starts up 38% and 67% respectively.

CMHC’s next Housing Supply Report, to be released in the Fall, will examine these trends in greater detail. See Table 1 below for more information.

Quote:

“The higher interest rate environment appears to have caught up with some of Canada’s major centres as lower multi-unit starts, particularly in Vancouver and Toronto, drove both the SAAR and Trend down in June. While strong starts growth in June and the first half 2024 in Calgary, Edmonton, and Montréal mitigated some of these decreases, we expect continued downward starts pressure across Canada throughout 2024,” said Bob Dugan, CMHC’s Chief Economist.

Key Facts:

• The monthly SAAR of total urban housing starts (centres with population above 10,000) was 9% lower with 223,234 units recorded. Multi-unit urban starts decreased 12% to 180,205 units, while single-detached urban starts increased 2% to 43,029 units.
• The rural starts monthly SAAR estimate was 18,438 units.
• Total SAAR housing starts were up 23% in Montréal, driven by a 26% increase in multi-unit starts. Vancouver declined 13%, due to decreases in multi-unit starts. Toronto decreased 37% with multi-unit starts lower.
• Monthly Housing Starts and Other Construction Data are accessible in English and French on our website and the CMHC Housing Market Information Portal.
• Housing starts data is available on the eleventh business day each month. We will release the July housing starts data on August 15 at 8:15 AM ET.
• CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and to obtain a clearer picture of upcoming new housing supply. In some situations, analyzing only SAAR data can be misleading, as the multi-unit segment largely drives the market and can vary significantly from one month to the next.
• Definitions and methodology to better understand the foundations of the Starts and Completions and Market Absorption surveys.

As a trusted source of housing information, CMHC provides unbiased housing-related data, research, and market information to help close knowledge gaps, and deepen understanding of complex housing issues to inform future policy decisions.

Housing starts facilitate the analysis of monthly, quarterly, and year-over-year activity in the new home market. The data we collect as part of our Starts and Completions and Market Absorption surveys helps us obtain a clearer picture of upcoming new housing supply and is used as part of our various housing reports.

The post Housing Starts For June And First Half Of 2024 appeared first on Muskoka411.

“It wasn’t a ‘blow the doors off’ month by any means, but Canada’s housing numbers did perk up a bit on a month-over-month basis in June following the first Bank of Canada rate cut,” said Shaun Cathcart, CREA’s Senior Economist. “Year-over-year comparisons don’t look great mainly because of how many buyers were still jumping into the market last spring, but that’s a story about last year. What’s happening right now is that sales were up from May to June, market conditions tightened for the first time this year, and prices nationally ticked higher for the first time in 11 months.”

Highlights:

• National home sales climbed 3.7% month-over-month in June.
• Actual (not seasonally adjusted) monthly activity came in 9.4% below June 2023.
• The number of newly listed properties rose 1.5% month-over-month.
• The MLS^® Home Price Index (HPI) edged up 0.1% month-over-month but was down 3.4% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 1.6% year-over-year decrease in June.

Home sales activity recorded over Canadian MLS^® Systems climbed 3.7% between May and June 2024.

As of the end of June 2024, there were about 180,000 properties listed for sale on all Canadian MLS^® Systems, up 26% from a year earlier but still below historical averages of around 200,000 for this time of the year. On a seasonally adjusted basis, the end-of-June supply number was only up 0.5% from the end of May, suggesting the national inventory buildup may be slowing down.

New listings posted a 1.5% month-over-month increase in June, led by the Greater Toronto Area and British Columbia’s Lower Mainland.

As the national increase in new listings was smaller than the sales gain in June, the national sales-to-new listings ratio tightened to 53.9% compared to 52.8% in May. The long-term average for the national sales-to-new listings ratio is 55%, with a sales-to-new listings ratio between 45% and 65% generally consistent with balanced housing market conditions.

“The second half of 2024 is widely expected to see the beginnings of a slow and gradual return of buyers into the housing market,” said James Mabey, Chair of CREA. “Those buyers will face a considerably different shopping experience depending on where they are in Canada, from multiple offers in places like Calgary, to the most inventory to choose from in over a decade in places like Toronto. Wherever you live, or might like to, you’ll need a solid game plan, so contact a REALTOR^® in your area today.”

There were 4.2 months of inventory on a national basis at the end of June 2024, down from 4.3 months at the end of May. It was the first time that the number of months of inventory has fallen month-over-month in 2024. The long-term average is about five months of inventory.

The National Composite MLS^® Home Price Index (HPI) inched up 0.1% from May to June. While a small increase, it was noteworthy in that it was the first month-over-month gain in 11 months.

Regionally, prices are still generally sliding sideways across much of the country. The exceptions remain Calgary, Edmonton, and Saskatoon, and to a lesser extent Montreal and Quebec City, where prices have steadily moved higher since the beginning of last year.

That said, there have been some more recent upward movements in prices in other markets, including across Ontario cottage country, Mississauga, Hamilton–Burlington, Kitchener-Waterloo, Cambridge, London–St. Thomas, and Halifax– Dartmouth.

The non-seasonally adjusted National Composite MLS^® HPI stood 3.4% below June 2023. This mostly reflects how prices took off last April, May, June, and July – something that has not been repeated in 2024.

The actual (not seasonally adjusted) national average home price was $696,179 in June 2024, down 1.6% from June 2023.

The post Canadian Housing Activity Perks Up In June appeared first on Muskoka411.

Nationally, what $1 million can buy in Canada’s real estate market remains largely unchanged year over year, as a result of a major slowdown in activity and only modest property price growth. By comparison, in December of 2022, a home worth approximately $1 million had on average 3.2 bedrooms, 2.6 bathrooms, and 1,763 square feet of space.

“Depending on the market that you are shopping in, a $1-million home can mean something very different. In Calgary, a budget of $1 million is considered the move-up price point for existing homeowners. In Vancouver, the same amount is often the starting point for entry-level buyers,” said Karen Yolevski, COO, Royal LePage Real Estate Services Ltd. “Years ago, a $1-million budget could buy a generous amount of square footage and access to sought-after neighbourhoods in almost any market. Over time, however, we have watched the purchasing power of $1 million vary more widely between cities. These days, this budget can buy a luxurious detached home in one location, or a two-bedroom condominium in another.”

Unsurprisingly, for buyers shopping in the $2-million range, a larger budget buys significantly more space. The average home in Canada valued between $1,950,000 and $2,050,000 in December of 2023 boasted 3.7 bedrooms, 2.6 bathrooms and 2,501 square feet of living space, inclusive of all property types.

Higher interest rates, down payment rules add extra hurdles for buyers

Home prices have flatlined over the past year, a symptom of sidelined buyer demand as consumers face more strenuous mortgage qualification standards and rising borrowing costs. The Bank of Canada’s key lending rate currently sits at five per cent, its highest level in more than two decades. A comparative shortage in housing supply has continued to keep prices stable despite decreased activity. While the central bank is expected to make its first cut to interest rates later this year, borrowing costs will remain well above the ultra-low levels seen at the start of the pandemic for the foreseeable future.

“While on paper a budget of $1 million will get you a similar-sized home today compared to a year ago, monthly carrying costs have increased significantly as mortgage payments have continued to rise from historic lows. Regardless of budget, many buyers in today’s market are facing affordability challenges, forcing compromises to be made on location, property type and size,” said Yolevski.

When buying a home priced at $1 million or more, Canadian mortgage lenders require a minimum down payment of 20 per cent of the purchase price, equal to at least $200,000. Mortgage insurance, which is mandatory for homes bought with less than 20 per cent down, is not available to properties sold over the $1-million mark.

“The greatest barrier to entry when buying a home is often the down payment. For first-time homebuyers living in communities where entry-level homes start at $1 million or close to it, getting a foot on the property ladder can be a considerable challenge. This is why it’s become increasingly common for parents and family members to step in with financial assistance.”

Elevated interest rates, which have forced homebuyers to pass the mortgage stress test at higher qualification thresholds – given that rates have exceeded the 5.25 per cent minimum – have curbed the amount of money banks are lending to clients, making it more difficult to obtain the necessary financing in high-priced markets.

More than half of Canadians believe a $1-million budget is enough

There remains a stark discrepancy between how far a budget of $1 million will stretch in various regions across the country. Buyers located in some of Canada’s large urban centres often find themselves making more concessions on the type of home they can afford, even with a seven-figure budget, compared to those shopping in smaller, more affordable locations.

According to a recent Royal LePage survey conducted by Leger, two thirds of Canadians (64%) believe that $1 million in today’s real estate market is a reasonable budget to afford a home that meets their household’s needs. This includes 22 per cent who say $1 million is ‘adequate’ and another 41 per cent who say it is ‘more than enough’ to afford a home that meets their household’s needs in their current city or region. Meanwhile, 22 per cent say it is ‘not enough’.

Canadians residing in the country’s most expensive provinces are much less likely to feel that a $1-million budget is enough for a home purchase in their respective marketplace. Forty-five per cent of British Columbians and 31 per cent of Ontarians say that a budget of $1 million is ‘not enough’ to afford a home that meets their household’s needs in their current city, much higher than those living in Alberta (12%) and Quebec (8%).

“Finding employment has historically been one of the primary drivers for Canadians relocating to regions outside of major cities. Now, as housing affordability remains front and centre for many, we are seeing families move to new locations specifically to find a home within their budget, and prioritizing employment second,” said Yolevski. “The increased flexibility that the remote work movement has afforded many people makes this possible. We saw this phenomenon play out during the height of the pandemic, as the mass adoption of remote working enabled Canadians to migrate across the country.”

Of Canada’s three most populous provinces, Quebec residents are the most likely to agree that $1 million is a healthy sum for a home. Fifty-nine per cent of respondents in Quebec say that a budget of $1 million in today’s real estate market is ‘more than enough’ to afford a home that meets their household’s needs in their current city or region, and another 21 per cent say it is ‘adequate’. This is compared to respondents in Ontario and British Columbia, where 30 per cent and 18 per cent, respectively, say a budget of $1 million in today’s real estate market is ‘more than enough’ to afford a home that meets their household’s needs in their current city or region; and 24 per cent and 25 per cent, respectively, say it is ‘adequate’.

“Many buyers are expected to come off the sidelines this year as interest rates begin to come down. This increased activity will undoubtedly put upward pressure on property prices, perpetuating affordability challenges even as monthly carrying costs are reduced,” added Yolevski. “Without a significant increase in supply, especially in cities like Toronto and Vancouver, the standard for a $1-million property will continue to evolve away from large homes.”

The post How Much Home Can $1M Buy In Major Real Estate Markets Across Canada appeared first on Muskoka411.

On December 18, 2023, Muskoka District Council approved the 2024 Tax-Supported Budget. The budget included $4.2 million to support housing and homelessness, including the District’s Muskoka Affordable Housing Initiatives Program (MAHIP).

Through MAHIP, the District offers Capital Incentive Funding, which provides developers, builders, and homeowners funding to construct affordable rental housing, including new construction or renovation/conversion where new units are created.

District Council knows people across Muskoka need homes they can afford, from rental apartments to lower-cost family homes.  We’ve made a record funding commitment to MAHIP for 2024, to get more affordable homes built faster.  This is our call out to the development community and non-profit and charitable partners to submit your projects – let’s get shovels in the ground! – District Chair, Jeff Lehman

Learn More – Apply Now!

Funding of up to $100,000 per rental unit is available, with the amount determined by the length of time the applicant commits to renting the unit at an affordable rate.

For detailed information and to submit your application, visit our website at: https://www.muskoka.on.ca/en/housing/programs-for-builders-and-developers.aspx.

The post Funding To Construct Affordable Rental Units In Muskoka Now Available appeared first on Muskoka411.

Conducted by Abacus Data on behalf of OREA, the Housing Affordability in Ontario: Perceptions, Impacts, And Solutions (Wave 4) survey additionally found that Ontarians are struggling financially: while the majority of respondents (52%) can cover their expenses every month, they are unable to save money, and 17% are unable to cover normal expenses in the first place without taking on debt or cutting back. For aspiring homeowners, this figure jumps to 29%, making it even more difficult to save for homeownership, especially with everyday essentials like food, utilities, and rent payments continuing to be top financial stressors.

“For most of Canadian history, it was a given that every generation had a better shot at homeownership than the last. Homeownership fostered vibrant and stable communities and was foundational to a great quality of life,” said OREA CEO Tim Hudak. “But today, that dream is slipping from too many young families in Ontario as they are frozen out of the housing market due to a historic lack of housing supply driving up prices. These issues cannot be solved without Governments taking bold action.”

While 80% believe there are steps the Ontario Government could take to improve housing affordability, only 15% approve of the job being done thus far; with 55% believing decisions the provincial government has made over the past three years have made it more difficult to buy a home. Top factors cited that are most impacting/most important to affordability include the availability/cost of land (47%); increased immigration to Canada, the cost of borrowing for builders, and foreign investors (42% each); and a shortage of skilled trade workers (34%).

“It’s clear that homeownership is top of mind for many Ontarians. Pro-growth, pro-housing solutions must continue to be championed if we want to get more shovels in the ground and bring more supply to market,” said Hudak. “This is the only way Ontario can meet the goal of building 1.5 million new homes in the next decade and improve affordability for our province’s would-be homeowners and families.”

The Ford Government has made some important progress toward this goal, including permitting secondary units as-of-right province-wide and introducing the Building Faster Fund to incentivize municipalities to hit or exceed their annual housing targets. However, more action can – and should – be taken to increase supply and improve housing affordability.

Ontario REALTORS® continue to put innovative pro-homeownership ideas on the table for the Government of Ontario to consider, many of which address top concerns outlined by Ontarians:

• helping mitigate availability/cost of land by ending exclusionary zoning (72% support or can accept)
• helping lower the cost of borrowing for builders by providing provincial loan guarantees for affordable housing projects and purpose-built rentals (83% support or can accept)
• addressing the shortage of skilled trade workers by increasing support and funding for colleges, trade schools, and apprenticeships (86% support or can accept)

Over 150 REALTORS® met with their local MPP at Queen’s Park during OREA’s REALTOR® Advocacy Day in November in support of the above recommendations, totalling 86 meetings across all parties.

The post Housing Affordability Now A ‘Top Priority’ For Over Half Of Ontarians appeared first on Muskoka411.

The monthly SAAR of total housing starts for all areas in Canada decreased 22% in November (212,624 units) compared to October (272,264 units).

The monthly SAAR of total urban (centres 10,000 population and over) housing starts decreased 23%, with 195,363 units recorded. Multi-unit urban starts decreased 27% to 151,297 units, while single-detached urban starts decreased 7% to 44,066 units.

Total SAAR housing starts were down 30% in Montreal and 39% in both Toronto and Vancouver, driven by significant declines in multi-unit starts.

The rural starts monthly SAAR estimate was 17,261 units.

“The notable drop in the rate of housing starts in November, particularly in the multi-unit space, should not come as a major surprise and reflects tighter economic conditions impacting construction timelines. As the more difficult borrowing conditions and labour shortages now seem to be showing in the starts numbers, we can expect to see continued slower starts rates in the coming months,” said Kevin Hughes, CMHC’s Deputy Chief Economist.

• Actual 2023 year-to-date housing starts were 17% and 31% higher than the same period in 2022 in Toronto and Vancouver, respectively, driven by higher multi-unit starts.
• Nationally, actual year-to-date housing starts are currently down 8% in centres of 10,000 population and over, currently sitting at 204,721 as of November 2023, compared to 222,177 in November 2022. This decline is primarily explained by a 27% decline in single-detached starts.
• Monthly Housing Starts and Other Construction Data are accessible in English and French on our website and the CMHC Housing Market Information Portal.
• Housing starts data is available on the eleventh business day each month. We will release the December housing starts data on January 16 at 8:15 AM ET.
• CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and to obtain a clearer picture of upcoming new housing supply. In some situations, analyzing only SAAR data can be misleading, as the multi-unit segment largely drives the market and can vary significantly from one month to the next.
• Definitions and methodology to better understand the foundations of the Starts and Completions and Market Absorption surveys.

The post Housing Starts Trend Higher Again In November appeared first on Muskoka411.