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industry Toronto, April 6, 2009 Ontario home starts bucked a three month downtrend by moving higher in March. Ontario preliminary Seasonally Adjusted Annual Rate (SAAR) of urban* home starts rose to 60,900 unit starts, up from 45,100 starts in February. Ontario residential construction activity was boosted by strength in the apartment construction sector. Ontario apartment construction helped boost activity across the nation with all area Canada home starts increasing to 154,700 SAAR units in March, from 136,100 SAAR in February. The longer term trend for Ontario housing starts has been one of high starts levels gradually edging lower from peak levels in 2003-04. "As expected, Ontario construction Ontario residential home starts up in March activity moved up closer to trend in March. Strong demand for condominium units were registered well into 2008 and these projects continue to break ground into 2009 given the long production cycle associated with apartment development", said Ted Tsiakopoulos, CMHC`s regional economist. "However, a well supplied resale and new home market will create headwinds for the residential construction industry in 2009", added Tsiakopoulos. As Canada's national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes -- homes that will continue to create vibrant and healthy communities and cities across the country. 2 for ent 009 news 33 · OAKVILLE BEAVER Friday, April 10, 2009 r You Be nv st I est m Builder's Clearance from $224,900 Allan Roshko (905)632-4444 ext. 233 aroshko@burlingtonpost.com nh P this week 47 Caroline Street North, Hamilton NEW HOMES MANAGER Lisa Baxter ADVERTISING & MARKETING CONSULTANT Downtown Living at it's finest. Within walking distance of all amenities. (905)632-4444 ext. 256 lbaxter@burlingtonpost.com Susan Myers ADVERTISING & MARKETING CONSULTANT (905)632-4444 ext. 285 smyers@burlingtonpost.com Siobhan Evans SPECIAL FEATURES EDITOR The Shores cover story page 3 ALL UPGRADES INCLUDED: - Upgraded Kitchen with Granite Countertops - Tiles and Pre-Engineered Hardwood in Kitchen and Living area - Builder's Upgraded Appliance Package - Indoor Parking and One Storage Locker per unit IMMEDIATE POSSESSION (905)632-4444 ext. 282 sevans@burlingtonpost.com Karen Ironside PRODUCTION CO-ORDINATOR (905)632-4444 ext. 230 Sema Quraishi GRAPHIC DESIGNER 5040 Mainway, Burlington, Ont. L7L 7G5 www.haltonsearch.com Fax: (905) 632-1121 The Burlington Post is a proud member of the HHHBA. Visit their website at www.hhhba.ca ASK ABOUT OUR 0% FINANCING AND SPECIAL DOWNTOWN TAX INCENTIVE PROGRAM SPECIAL LEASING OPTIONS AVAILABLE BOOK YOUR APPOINTMENT TODAY 905-512-2990 Napier St. Caroline St . DEADLINES BOOKINGS: Tuesday 5 pm prior to publication AD MATERIALS: Wednesday Noon Portfolio of New Homes and its advertisers are not responsible for errors made in advertisements or editorial. All prices are correct at press time, however, due to the lead time required to publish Portfolio of New Homes, prices and other conditions may have changed. Please note prices and conditions are subject to change without notice. SILVESTRI INVESTMENTS 905-521-1144 · 1-866-318-3485 · www.silvestri.ca Broker's Protected King St. Bay St. #