U.S. housing starts soar after winter-related setback

U.S. housing starts soar after winter-related setback

U.S. housing starts rebounded sharply in March to the highest since 2006, exceeding forecasts and indicating residential construction is getting back on track after a winter storm-related setback.Residential starts jumped 19.4 per cent last month to a 1.74 million annualized rate, according to government data released Friday. The median estimate...

Housing policy must cool market imbalance: RBC CEO

Housing policy must cool market imbalance: RBC CEO

Amid a scorching real estate market, the head of the Royal Bank of Canada warned that the country needs short-term policy changes to cool the stark supply and demand mismatch.“I do think we have a supply-demand imbalance that’s causing a very strong, heated marketplace,” RBC chief executive officer Dave McKay said...

Hot housing propels Canadian confidence to record high

Hot housing propels Canadian confidence to record high

Canadian consumer confidence hit record highs for a third straight week amid soaring sentiment around housing, despite a third wave ripping through the country and forcing new lockdowns.Two-thirds of Canadians believe home values will continue rising, according to polling by Nanos Research Group for Bloomberg News. That’s the highest reading...

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