Housing Starts on the rise

The City saw a small dip in new housing starts last month but so far 2010 has been solid.  October saw 25 new housing starts, which is slightly less than last year but still higher than the 10 year average.  Canadian Mortgage and Housing Corporation Analyst Warren Philp says overall we're in good shape. So far this year there have been 181 single family starts. Philp attributes the increase in housing starts to a good resale market.