Main Menu
Home
In the News
Special Contributors
Special Report - Bedding
Sponsors
Events Calendar
Classifieds
Advertising
Contact HGO
Home
follow-on-twitter
Merchandiser Spring 2014
Merchandiser Winter 2013
2014 Product Guide
Research Store

Canada Counts
CanadaCounts-Badge-Sept2012.fw
A survey of Canadian buying intentions.
Purchase Report

 

Syndicate

Please Update Your HGO Profile

BRIGHTON, Ontario (30 June 2014) – Home Goods Online wants to improve our news delivery service for everyone in Canada’s furniture, mattress, major appliance and consumer electronics industries. So, we’re not only signing on with a new service provider but we’re asking each of our readers to give us a few moments of his or her time to update their individual profile.

Doing so will not only ensure that HGO is in compliance with current federal legislation, but will strengthen our connection with you, the reader.

Click here to update your profile.  It will only take a few moments of your time.

Here at Home Goods Online, our only mission is to keep every member of Canada’s furniture, mattress, major appliance and consumer electronics industries up-to-date on issues of vital importance as well as the news everyone needs to know, regardless of your role: retailer, manufacturer, distributor/importer, sales rep or other industry professional.

Thank you for your help.

Update Your Profile Now
Housing starts fall in May PDF Print E-mail
Written by HGO Staff   

OTTAWA (18 June 2012) - On a seasonally adjusted and annualized basis, housing starts totalled 211,400 united in May, according to the latest figures from Canada Mortgage & Housing Corporation (CMHC). That's down from 243,800 units in April and a decline of 13.3%.

"As anticipated, the pace of housing starts observed in April was not sustained in May. In fact, the pace in May was more in line with the average over the last six months," CMHC deputy chief economist Mathieu Laberge said in a statement.

"Although some ups and downs are likely to continue in the months ahead, the pace of housing starts should trend lower as the year progresses," he added.

As has been the case for some time, multi-units starts (apartments, condominiums and the like) continue to outpace single home starts. Most analysts attributed the big jump in multi-starts in April to an unusual number of projects breaking ground at the same time. Most agreed the fallback in May was a good thing as housing starts were beginning to seriously outpace the anticipated formation of new households this year.

Urban starts fell 15.8% to 189,600 units in May with single starts dropping by 4.2% to 64,300 units and multiples decreasing 20.7% to 125,300 units.

Regionally, urban starts fell 35.8% in Quebec; by 18.3% in Ontario; and by 7.7% in the Prairies. Urban starts gained 6.4% in Atlantic Canada and 20.9% in British Columbia.

Rural starts were estimated at a seasonally adjusted annual rate of 21,800 units in May.

Image
Chart courtesy of Canada Mortgage & Housing Corporation.

<Previous   Next>
Banner
Other News
Easyhome signs $200M credit facility
MISSISSAUGA, Ontario (28 July 2014) - Merchandise leasing specialist Easyhome has entered into a new $200 million credit facility that will provide $115 million of additional capital to support the growth of Easyfinancial, it's consumer finance segment.
Read more...
Traub named president of Serta
HOFFMAN ESTATES, Illinois (28 July 2014) - Serta Simmons Bedding (SSB) has named Michael Traub as the new president of National Bedding Company, better known as Serta International. He will assume the post on September 2 and report to SSB chief executive officer Gary Fazio.
Read more...
Sears Canada names director
TORONTO (24 July 2014) - Sears Canada has named Klaudio Leshnjani to its board of directors succeeding H. Ronald Weissman, who died this past Saturday at the age of 70.
Read more...
GLR big ticket sales up in May
OTTAWA (21 July 2014) - Sales of furniture, mattress, major appliances, televisions and home furnishings took a big step forward for Statistics Canada's Group of Large Retailers (GLR) during the month of May, but with one notable exception, they continued to languish on a year-to-date basis.
Read more...
Banner

 

 .

Banner
Picture of the Day
Cantrex-golf-presentation (1)

Some 145 people from across the industry took part in Cantrex Nationwide’s annual charity golf classic recently. This year, some $10,000 was raised to benefit the ‘Take the Kids to Camp’ initiative of the Salvation Army. Here, Lt. Col. Sandra Rice (left), commander of the Ontario Central East division is accepting a cheque from CNW chief operating officer Jeannine Ghaleb and Jim Mahoney, vice president of photography and consumer electronics.


 

 

Banner
 
Banner
Banner
Donald Cooper
My Turn!
HGO Merchandiser
Banner
Upcoming Events
August
Toronto Gift Show
August 10, 2014 - August 13, 2014

View Full Calendar