13 August 2010

Housing starts in NL down by 28% in July

Housing starts in the province were down 28% in July 2010, compared to July 2009 according to Canada Mortgage and Housing Corporation. [Link to Telly story]

There were 195 starts across the province in July 2010 compared to 270 in the same month of 2009.

More interestingly, only 19 of the 195 starts were outside the metropolitan St. John’s area.  That puts a July 2010 CBC story on the economic boom that is supposedly Grand Falls-Windsor in a different light.  it also gives an excellent sense of what is happening in the provincial economy, as a whole, when one gets beyond the overpass.

- srbp -