Released on July 11, 2011
Saskatchewan families who are home hunting are seeing more options in their neighbourhoods as Saskatchewan home builders are leading the nation in new starts, according to a report released today by the Canada Mortgage and Housing Corporation.
"Every time a new house or apartment building goes up, it creates more space throughout the housing market in Saskatchewan," Enterprise Minister Jeremy Harrison said. "As Saskatchewan continues to create new jobs, more people are living here than ever before, and we're working closely with industry to increase the supply of homes for our new neighbours."
Urban housing starts were up 33 per cent in June 2011 over June 2010, the highest percentage increase among the provinces. Single family dwellings were up 6 per cent while multiple units increased substantially, up 87 per cent.
In the first six months of 2011, urban housing starts are up 38 per cent in Saskatchewan, the largest percentage rate improvement in Canada.
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-787-6315
Email: deb.young@enterprisesask.ca