A brilliant June for the Canadian construction industry
The data was published by in its monthly report by the Canada Mortgage and Housing Corp. (CMHC), the major Canadian residential construction industry association. May registered 203,000 units under construction, thus confirming a very positive trend which has been underway since the start of the year.
According to the CMHC's market survey department, the positive trend in the industry is due to a number of factors including low mortgage interest rates, the creation of new jobs, high consumer morale, and the small number of uninhabited houses.
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