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Canadian
Housing Starts: Laying the Foundation
BMO Experts Discuss Canada's Housing Market and
Implications for the Homebuyer
| WHAT: | The latest housing
starts figures, released today, show home sales nationwide have
jumped more than 40 per cent in seasonally adjusted
terms between January and May, with preliminary readings from the
big cities pointing to further strength in June.
With economic recovery on the horizon and homebuyers reawakening this spring, Canadian housing starts could push modestly higher in the coming months. |
| WHO: | Robert Kavcic, Economist, BMO Capital Markets John Turner, Director, Mortgages, BMO Bank of Montreal |
“More than ever Canadians looking to buy a home or refinance their mortgage need clarity around what makes sense for them, such as choosing a fixed or variable mortgage, long term or short term, and what best fits their financial needs,” said John Turner, Director, Mortgages, BMO Bank of Montreal.
The complete report can be found at www.bmocm.com/economics
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