Northern Housing Report 2017

(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 06/22/17 -- According to Canada Mortgage and Housing Corporation's (CMHC) Northern Report released today, stronger economic conditions are expected to improve housing demand in Yellowknife and Whitehorse. In Iqaluit, where the housing market is primarily non-market, additional social housing units are expected to start construction in 2018.

Report Highlights

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QUOTES

"Housing in Iqaluit is among the most expensive in Canada. Two-thirds of the Nunavut population cannot secure market housing without some sort of assistance from the government or their employer."

Tim Gensey, Market Analyst, Canada Mortgage and Housing Corporation

"Buyers continue to purchase more condo units in Yellowknife while mobile home units have also become more popular. These two compositional effects have led to a decline in overall average prices even as sales experienced strong growth."

Tim Gensey, Market Analyst, Canada Mortgage and Housing Corporation

"As of March 2017, 91 rental apartment and row units were under construction in Whitehorse. This represents the highest level of rental construction observed in over 10 years and will result in a substantial increase to the rental stock once these units are completed."

Jeri Hitchings, Market Analyst, Canada Mortgage and Housing Corporation



Contacts:
Courtney Gillis
Senior Public Affairs Advisor
(403) 515-3012

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Bereitgestellt von Benutzer: Marketwired
Datum: 22.06.2017 - 15:44 Uhr
Sprache: Deutsch
News-ID 549418
Anzahl Zeichen: 5955

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CALGARY, ALBERTA

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Local

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