The detached home has long been the dream of home ownership for many Canadians.
But higher interest rates and a steep rise in home prices over the last decade mean Canadians are increasingly turning to more affordable condominium housing. Thanks to condo building, housing starts hit a 29-year high of 278,200 annualized units in September, up almost 20 per cent from August, according to figures released by the Canada Mortgage and Housing Corp. yesterday."The steaming hot condo market powered the volatile multiple units construction in all regions of the country," BMO Nesbitt Burns economist Robert Hogue said yesterday.
