cheaprealty net

CMHC notes actual single family home urban housing starts are down around 14.5% in the first 4 months of 2007 versus the first 4 months of 2006. This is blamed on affordability and a skills shortage.

What is not explained is how there was enough skill last spring to start 14% more houses.

Looks like developers are keeping an eye on what is happening south of the border, and are trying to engineer the proverbial soft landing.