New property builds to increase in Canada but economist question if the demand will be there

[Nicholas Wallwork]

The number of new properties being built in Canada is likely to rise at the end of this year and into 2010 but the days of construction frenzy are over.

Canada's national housing agency, the Canada Mortgage and Housing Corporation believes housing starts will hit 141,900, of which 68,400 will be single-family detached homes and 73,500 multiple-housing units, such as condos.

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