Better Building by Canadian Funding Corporation.

Canada has kept a ‘B’ average on economic performance during the global slump, but is idling near the back of the pack among its peer countries, according to the Conference Board of Canada.
A study released by the financial think tank yesterday ranks Canada 11th among the world’s 17 wealthiest nations for 2008, falling behind Norway, [...]

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The 20% drop attributed to decline in multiple starts,
especially in Toronto’s condominium segment.
The Canadian construction industry may have been the engine of economic growth for much of this decade, but recent figures show that it hasn’t been firing on all cylinders. Canadian housing starts cratered by a much-greater-than-expected 19.9 per cent to 117,400 annualized units [...]

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