Saskatchewan is on pace to see a jump in housing starts for 2012 compared to past years.
The latest report from the Canadian mortgage and Housing Corporation is forecasting a 23% increase for single detached homes, that’s about 5100 units being built this year.
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In Regina the city will see about 1300 of those new homes built.
C-M-H-C suggests our vacancy rate could also rise up to 0.8% for this year and 1% by next year.
Demand is also expected to drive the average house price up to more than 275,000 dollars.
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