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Thursday, October 8, 2009

Housing Starts Tumbling

New housing starts in the greater Saint John area are off compared to a year ago -- the latest stats from Canada Mortgage and Housing show 50-new units started last month -- down from 131 in September of last year.
Year to date figures are also trailing last year's performance with new starts for the 9-months ending in September down 21-percent against the same period a year ago.
Moncton is also reporting a drop in new housing starts in the nine month period while Fredericton is up eight percent.