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Monday, March 10, 2014

Small Gain In New Housing Starts

The bone chilling temperatures and piles of snow apparently aren't deterring new home construction in the greater Saint John area.
The latest numbers from Canada Mortgage and Housing show 14-new units - mostly multi-residential - breaking ground in the first two months of this year - that's compared to just 9-units underway in the same period last year.
The federal housing agency says new home starts in Moncton and Fredericton are down so far this year with a significant drop in the Hub City being blamed on a slow down in construction of multi-residential units for the rental market.