Saskatchewan leads nation in urban housing starts

Staff ~ The Prince Albert Daily Herald
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The Canada Mortgage and Housing Corporation has released new figures showing a 53.6 per cent increase in urban housing starts between November 2011 and November 2012 -- the highest growth rate of any province.

The bulk of the increase occurred in multiple units, which increased 92.9 per cent on a year-by-year basis from 254 units to 490 units.

Single family units also rose 16.4 per cent from the previous year.

Saskatchewan government officials said the combination of a growing population and strong economy was a boon for the province’s construction sector, and that the increase in multiple units will provide more affordable housing options.

Organizations: Canada Mortgage and Housing Corporation

Geographic location: Saskatchewan

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