Clipped from www.castanet.net
Canada Mortgage and Housing Corporation expects new home construction to increase 30% in 2012.
CMHC forecasts new home starts in Kelowna to reach 1325, compared to 1025 in 2011.
Paul Fabri, Senior Market Analyst for CMHC in Kelowna, says it’s expected to be a very modest increase in housing starts for 2012.
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