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Housing starts across the country rose more than 9 per cent in May to 128,400, seasonally adjusted and at an annual rate, from 117,600 in April, Canada Mortgage and Housing Corp. said Monday.
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But the Crown corporation foresees no return to the lofty, pre-economic crisis level of 200,000-plus starts a year

The Canada Mortgage and Housing Corp. says housing starts fell to an annual rate of 117,400 units in April from 146,500 units in March.
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Home prices dropped sharply in February, but for the first time in 25 months the decline was not a record, another sign the housing crisis could be bottoming.

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U.S. demand for big-ticket manufactured goods and new home sales both were better than expected in March, raising some hopes that the long slides in manufacturing and housing are slowly coming to an end.

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What a sweet time to be arranging a mortgage – we've got the lowest rates anyone can remember and they'll be around for months to come.

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Central bank says recession will be deeper and last longer than thought

It's the second straight month of improving sales; the year-over-year decline was the smallest in six months

Housing starts rose last month to 154,700 units, at a seasonally adjusted annual rate, an increase from the 136,100 pace seen in February, Canada Mortgage and Housing Corp. said Wednesday.

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Bank of Canada Governor Mark Carney now says the recession will likely persist into the second half of the year, although he questions the need for more government stimulus.

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