Results tagged “Housing starts” from The Kingston Real Estate Blog

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Spring 2012

  • Kingston's existing home sales will moderate in the next two years to levels that are considered more sustainable and in line with historical norms
  • Kingston's existing home average price to increase by 3.4 per cent in 2012 and 2.0 per cent in 2013. This growth rate is less than the average seen in prerecession years, as the number of new-listings outpaces the number of sales. 
  • At 715 units in 2012 and 670 units in 2013, Kingston's total housing starts are expected to fall gradually to a level consistent with changes in household formation. Rising mortgage carrying costs and reduced spill-over demand from the existing home market will dampen residential construction activity 

The full report is available on-line here (pdf):