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CMHC reporting more housing starts across the country

PHOTO. Rebuild construction under way in Wood Buffalo. Sarah Anderson/REPORTER

More houses are starting to pop-up across Canada.

The Canada Mortgage and Housing Corporation (CMHC) are reporting that in June 2017 there were 215,459 housing starts across the country, compared to May 2017 that saw 214,570.

“The trend in housing starts for Canada reached its highest level in almost five years”, asid Bob Dugan, CMHC’s chief economist in a press release. “So far this year, all regions are on pace to surpass construction levels from 2016 except for British Columbia, where starts have declined year-to-date after reaching near-record levels last summer.”

As rebuilding of our community continues to progress, CMHC says that there have been 785 housing starts, the majority being rebuilds for homes lost in the wildfire.

That number is still twice as many as the last two years combined.

The Regional Municipality has their latest statistics posted online. Since June 16, 2017 they have recorded 865 rebuild development permits and 881 building permits.

By the end of June 86 dwellings passed their final inspection.