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Wednesday, 10 December 2014

Market is healhty BMO says

BMO says there is no danger of overbuilding. That includes the hottest markets in Canada, Calgary, Toronto, Vancouver.
"All in line with demographic demands" Kavcic said.
“Multi-unit starts accounted for all of the rebound in November, a slight increase to help the low vacancy rate.
Increases in BC, QC, ON surpassed activities in Alberta as low oli prices are putting pressure on housing start up.
As for the Canada’s two hottest cities, Kavcic says they remain “well behaved.”
“Vancouver starts are holding steady, averaging 19k through November, a trend that has held for roughly 3 years,” he wrote. “Toronto starts have slowed in the past year, with the year-to-date average now sitting at 29k"

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