National housing starts reaches 15-year high in 2003 - 2004-01-10
Housing starts across Canada reached a 15-year high in 2003, Canada Mortgage and Housing Corp. said Friday, as low mortgage rates and strong job growth created demand for new homes.
The Crown corporation reported that housing starts totalled an annualized 217,600 last month, up from 215,000 in November.
The strong end to the year boosted the actual total for 2003 to 217,800, up 6.2 per cent from 2002's record showing.
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