OTTOWA -- Canadian housing starts in July were at a seasonally adjusted annual rate of 189,200 units, down 1.6% from June, according to information from Canada Mortgage and Housing Corp. Urban starts increased 1.9% to 169,300; with multiple levels rising 13.4% to 101,400 and single-family totals dropping 11.3% to 67,900 over June.
“Housing starts moved lower in July, largely due to a decrease in urban single starts and a reduction in rural starts,” said Bob Dugan, chief economist at CMHC’s Market Analysis Centre. “Multiple starts partially offset this moderation.”
The seasonally adjusted annual rate of urban starts increased by 1.9%, to 169,300 units in July. Urban multiple starts increased by 13.4% to 101,400 units, while single urban starts moved lower by 11.3%, to 67,900 units.
July’s seasonally adjusted annual rate of urban starts decreased 14.8% in British Columbia, 2.6% in Ontario, and 0.4% in Quebec. Urban starts increased 37.7% in the Atlantic Region and 14.4% in the Prairie Region.
Rural starts were estimated at a seasonally adjusted annual rate of 19,900 units in July.
Read Canada Mortgage and Housing Corp.'s press release.
“Housing starts moved lower in July, largely due to a decrease in urban single starts and a reduction in rural starts,” said Bob Dugan, chief economist at CMHC’s Market Analysis Centre. “Multiple starts partially offset this moderation.”
The seasonally adjusted annual rate of urban starts increased by 1.9%, to 169,300 units in July. Urban multiple starts increased by 13.4% to 101,400 units, while single urban starts moved lower by 11.3%, to 67,900 units.
July’s seasonally adjusted annual rate of urban starts decreased 14.8% in British Columbia, 2.6% in Ontario, and 0.4% in Quebec. Urban starts increased 37.7% in the Atlantic Region and 14.4% in the Prairie Region.
Rural starts were estimated at a seasonally adjusted annual rate of 19,900 units in July.
Read Canada Mortgage and Housing Corp.'s press release.
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