Late lift boosts housing numbers

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Blog by Ottawa Real Estate | Ottawa Homes for Sale | Ottawa Relocation | January 12th, 2010

A late surge in demand helped Ottawa homebuilders recover from what threatened to be a slow 2009.

Builders started work on 820 units in December alone, bringing construction action during the fourth

quarter of the year to a 24-year record.

For all of 2009, however, Ottawa's 5,813 housing starts were 17 per cent lower than a year earlier,

Canada Mortgage and Housing Corp. said Monday.

Late Lift.pdf