OTTAWA, ON -- The seasonally adjusted annual rate of Canadian housing starts was 189,300 units in June, equivalent to a 3.1% drop, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts decreased during June, largely due to the multiple starts segment in Ontario. The single starts segment was largely unchanged Canada-wide.” said Bob Dugan, chief economist at CMHC’s Market Analysis Centre. “After a robust start to 2010, we expect the pace of housing start activity to moderate and total 182,000 units by year-end.”
The seasonally adjusted annual rate of urban starts decreased by 2.6% to 167,000 units in June. Urban multiple starts decreased by 5.8% to 89,200 units, while single urban starts edged higher by 1.4% to 77,800 units.
June’s seasonally adjusted annual rate of urban starts decreased 19.8% in Atlantic Canada and 17.4% in Ontario. Urban starts increased 11.6% in Quebec, 8.6% in the Prairie Region and 6.3% in British Columbia.
Rural starts were estimated at a seasonally adjusted annual rate of 22,300 units in June.
Read Canada Mortgage and Housing Corporation's press release.
“Housing starts decreased during June, largely due to the multiple starts segment in Ontario. The single starts segment was largely unchanged Canada-wide.” said Bob Dugan, chief economist at CMHC’s Market Analysis Centre. “After a robust start to 2010, we expect the pace of housing start activity to moderate and total 182,000 units by year-end.”
The seasonally adjusted annual rate of urban starts decreased by 2.6% to 167,000 units in June. Urban multiple starts decreased by 5.8% to 89,200 units, while single urban starts edged higher by 1.4% to 77,800 units.
June’s seasonally adjusted annual rate of urban starts decreased 19.8% in Atlantic Canada and 17.4% in Ontario. Urban starts increased 11.6% in Quebec, 8.6% in the Prairie Region and 6.3% in British Columbia.
Rural starts were estimated at a seasonally adjusted annual rate of 22,300 units in June.
Read Canada Mortgage and Housing Corporation's press release.
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