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CMHC says pace of housing starts slowed in September as multi-unit starts slipped

October 10, 2017 1:00 PM
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CMHC says pace of housing starts slowed in September as multi-unit starts slipped

OTTAWA - The pace of housing starts in Canada slowed in September compared with August.

Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of housing starts slipped to 217,118 units in September, down from 225,918 units in August.

The annual pace of urban starts fell 5.1 per cent in September to 198,910 units as the pace of multi-unit urban starts dropped 10.7 per cent to 131,388.

The pace of rural starts were estimated at a seasonally adjusted annual rate of 18,208.

The six-month moving average of the overall monthly seasonally adjusted annual rates of housing starts slipped to 214,821 in September compared with 220,573.

Also read: Smoking Cause of 18.4% of Yearly Deaths in Canada: CBoC Study

Source: ctvnews.ca

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