2003 housing starts reach 15-year high - 2004-01-09
Annual housing starts last year were at the highest level since 1988 due to low mortgage rates, growing employment and increasing incomes, Canada Mortgage and Housing Corp. says.

"Total housing starts for 2003 are an estimated 217,800, representing 6.2 per cent growth over 2002," Bob Dugan, chief economist at the CMHC market analysis centre said Friday in a statement.

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Time to shift mortgage? - 2004-01-09
Homeowners today are relieved that the Bank of England base rate* left unchanged for another month. But though rates may have been frozen for now, an increase in the near future is expected.

A rise in the base rate would not only affect people with a variable rate mortgage, it would also affect rates for people buying for the first time and for people looking to remortgage*.
Read the full story at This is Money