A real estate agency or a housing market has the propensity to be susceptible to the ever fluctuating and irregular patterns, and these vacillations in the market take place overnight. Later this year, the specialists of CMHC reported a significant yet drastic record change within a time span of one month—evidently May recorded a better housing start at 214,621 as compared to the trend recorded in April which was estimated to be 213,435.
“Housing starts trended higher in May in Canada’s urban areas,” said Bob Dugan, CMHC’s Chief Economist. “Row and apartment units led the upward move, while construction has slowed for pricier single- and semi-detached houses.”
As quoted by the Chief Economist of CMHC—“the housing start trended higher in May in…