Canada Housing Starts Posted Rare Drop in September

Postado Outubro 11, 2017

The CHMC data for September shows there were 175 single-detached housing starts, a 29 per cent increase over the same month past year, while multi-unit housing starts were 182, a 42 per cent rise over the same time in 2016.

According to the latest housing-start numbers released Tuesday by Canada Mortgage and Housing Corp., there were 414 single- and multi-family housing starts recorded last month in the Winnipeg Census Metropolitan Area, which includes Winnipeg and 10 neighbouring municipalities.

The CMHC says strong population growth and recent income gains have strengthened demand for new single-detached homes - encouraging builders to continue to keep single-detached starts elevated over recent months.

Rural starts were estimated at a seasonally adjusted annual rate of 18,208 units.

Yet, the quarterly pace of housing starts in Ontario - Canada's most populous province - in the July-to-September period was the second-fastest in a decade.

London is in the midst of a building boom with thousands of single-detached homes set to be built on the city's ever-expanding suburban rim over the next few years.

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.

With files from The Canadian Press.