Released on May 10, 2010
Saskatchewan's housing market is beginning to heat up with urban starts up 204 per cent in April 2010 over last April, the highest increase in Canada.
According to a report released by CMHC today, single family dwellings were up by 182 per cent and multiple units increased by 463 per cent.
"The urban housing market has had a remarkable turnaround from last year in both single and multiple units," Enterprise Minister Ken Cheveldayoff said. "The market change is due to a renewed consumer confidence and an economy that is on the move."
Urban housing starts are up by 184 per cent in the first four months of 2010 compared with the same period in 2009. Saskatchewan had the highest increase among the provinces - well ahead of the 58 per cent increase on the national front.
During this same period, single family dwellings increased by 134 per cent and multiple units were up by 526 per cent.
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-798-0503
Email: Deb.Young@enterprisesask.ca