Canadian Demand for Homes Is Holding Up - 2004-02-05
Canadian demand for homes continues to be near a record, showing consumers are spending the way Bank of Canada Governor David Dodge wants them to and powering the world's eighth-largest economy while exports falter.
Contractors took out permits for home construction worth a record C$2.95 billion ($2.2 billion) in December, Statistics Canada said today. Ottawa-based Canada Mortgage & Housing Corp., the government's housing agency, predicted builders will put up 203,900 residences this year.
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