November 26, 2020, by Sean MacKay
According to data published by the Canada Mortgage and Housing Corporation (CMHC), housing starts for single-detached homes and semi-detached homes rose 14.2% and 29.4%, respectively, last month.
TD Economist Rishi Sondhi said that the strong performance suggests that home builders are â€œreacting to the outperformance in detached home sales observed during the pandemic.â€
Home building across the province has remained resilient through 2020, with housing starts from January to October up over 15 percent compared to the same 10-month period last year.
Detached home building surged in Ontario last month amid skyrocketing demand
What does this mean?
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Erwin has been investing in real estate since 2006 and is a highly decorated investor and realtor. His list of awards and accomplishments includes:
â€¢ FOUR time consecutive finalist for the Michael Millenaar Memorial Award and 2013 WINNER for his leadership and contribution to the Real Estate Investment Network community.
â€¢ TWO time finalist & 2015 WINNER for Realtor of the Year for Ontario by the Real Estate Investment Network
â€¢ TWO time finalist & 2016 WINNER for Real Estate Agent of the Year by Canadian Real Estate Wealth Magazine
â€¢ REINâ„¢ Ambassador (Endorsed Realtor by REINâ„¢)
â€¢ Silver award recipient by the Real Estate Investment Network
â€¢ 2013â€™s Top Player Award by the Real Estate Investment Network
â€¢ Regular contributor to REINâ„¢ Real Estate Report and Canadian Real Estate Wealth Magazine
Erwin has owned and still owns numerous investment properties: single family, renovate and hold, multi-family, multi-family conversion, and student housing. He left his corporate job at â€œBig Blueâ€ to pursue his passion as an entrepreneur in investment real estate. Heâ€™s been featured in the Hamilton Spectator and been a guest speaker at several investment networks and has coached numerous successful real estate investors by focusing on economic fundamentals and financials.