Housing starts show recovery

Allan Robinson
From Tuesday's Globe and Mail
Last updated on Tuesday, Aug. 11, 2009 08:27AM EDT

Canadian housing starts scheduled for release today are recovering from depressed levels much more quickly than expected, strategists say.

“Nowhere is the benefit of record-low [interest] rates more apparent than in the housing market, where resales have jumped 57 per cent in the past five months and look solid again in July,” said Sal Guatieri, a senior economist with BMO Nesbitt Burns Inc.

Click below for the full Globe and Mail article.

http://www.theglobeandmail.com/report-on-business/housing-starts-show-recovery/article1247109/