Canadian Housing starts in 2013 were well represented by Condos under construction accounting for more than one-third of all Canadian Housing starts.
Vancouver Condos accounted for 62.6% of all Housing starts there, Montreal Condos accounted for 56.3% and Toronto Condos accounted for 53.9%.
The Canadian Mortgage and Housing Corp. said Condos in 1990 accounted for 20% of Canadian Housing starts but now in 2013, they account for 33% of Housing starts,
Lower priced Condominium in Urban centres like Toronto, Vancouver and Montreal are much more affordable than single-family dwellings like Detached Homes, Semi-Detached Homes and Town-homes resulting in higher numbers of new construction.
The Canadian Housing Observer report showed Canadian Home prices remained higher than those in the United States.
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