Canada’s Construction Starts have Underperformed in 2008
Abstract:
CanaData’s construction starts statistics remained down by about one-fifth on a year-to-date basis in October 2008, versus the same period in 2007. Grand total starts (i.e., residential, plus ICI, plus engineering) for the country as a whole were -22% in square footage and -18% in dollar volume, partly due to uncertainty about the economic outlook.
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