Sask. housing starts highest in 33 years

The last time housing starts were this high in the province, Margaret Thatcher had just been elected the first woman PM in British history, the Soviets invaded Afghanistan and Iranian students were taking over the U.S. embassy in Tehran.That’s right, Saskatchewan posted the highest number of housing starts since 1979 last year, as urban and rural housing starts in the province totalled 9,968 units in 2012, according to a recent Canada Mortgage and Housing Corp. (CMHC) report. The report also indicated that urban housing starts in Saskatchewan increased 40 per cent in 2012 compared to 2011, placing Saskatchewan first among the provinces in terms of percentage change. In December, urban housing starts increased by 70.7 per cent compared to December 2011, the second-highest percentage increase among the provinces. “Saskatchewan continued to be among Canada’s economic growth leaders in 2012, producing favourable results for the province’s housing markets,” CMHC said. “With impressive gains in employment, income, and net migration, housing starts in 2012 are on pace to increase for the third consecutive year, reaching what will be a 33-year high.” via Leader-Post – Business

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