OTTAWA, ON - Canadian housing rose 2.4% to 222,700 units on a seasonally adjusted average in June, according to Canada Mortgage and Housing Corporation (CMHC).

Canadian Housing Starts Climb 2.4% in June“The monthly increase posted in June was mainly attributable to multiple urban starts in Québec and British Columbia," said Mathieu Laberge, deputy chief economist at CMHC’s Market Analysis Centre. "The rate of starts, however, remains close to the six-month average.  CMHC still expects the pace of housing starts to moderate as the year progresses.”

On a regional basis, CMHC said the seasonally adjusted annual rate of urban starts in June increased by 7.7% in Atlantic Canada, by 17.3% in Québec and by 31.2% in British Columbia. Urban starts decreased by 6.9% in the Prairies and by 9.0% in Ontario.

 

Housing Starts, Actual and SAAR*
  Actual SAAR
June
2011
June
2012
May
2012
June
2012
Source: CMHC
*Seasonally adjusted annual rates
**Urban centres with a population of 10,000 and over
    Detailed data available upon request.
  Revised Preliminary Revised Preliminary
Canada, all areas 18,494 20,327 217,400 222,700
Canada, rural areas 2,250 2,183 22,900 23,200
Canada, urban centres** 16,244 18,144 194,500 199,500
Canada, singles, urban centres 7,287 6,923 67,700 67,500
Canada, multiples, urban centres 8,957 11,221 126,800 132,000
         
Atlantic region, urban centres 1,055 1,121 9,100 9,800
Quebec, urban centres 3,816 3,967 36,500 42,800
Ontario, urban centres 6,648 6,258 77,700 70,700
Prairie region, urban centres 2,866 3,843 45,200 42,100
British Columbia, urban centres 1,859 2,955

 

 

 

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