Windsor area sees 'shocking' big jump in new home construction
While both Ontario and Canada recorded significant declines in new home starts in June, the Windsor area enjoyed a surge in new home construction, according to the Canada Housing and Mortgage Corp.
“These numbers are shocking, I’m not going to lie,” Windsor Essex Home Builders’ Association president Brent Klundert told the Star.
The Windsor region had 58 new single-detached home starts last month and 305 multi-unit starts. On a percentage basis, home starts in the Windsor area were up 548 per cent overall in June.
“The market has been starving for something like this. Many of these projects have been in the works for some time.”
Klundert said the area’s strong population growth for over a year and the message the Bank of Canada’s slight interest rate cut sent in June are certainly factors in the more home starts.
Read the full article here: https://windsorstar.com/news/local-news/windsor-area-sees-shocking-big-jump-in-new-home-construction