Skip to main content

Canada Mortgage and Housing Corp. says annual pace of housing starts slowed in August

Builders work on a new home in North Vancouver, B.C. Thursday, Oct. 27, 2016. THE CANADIAN PRESS/Jonathan Hayward Builders work on a new home in North Vancouver, B.C. Thursday, Oct. 27, 2016. THE CANADIAN PRESS/Jonathan Hayward
Share
OTTAWA -

Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed compared with July as the rate of new home construction continued to slow from their highs earlier this year.

The housing agency says the seasonally adjusted annual rate of housing starts was 260,239 units in August, down from 270,744 in July.

The pace slowed as the annual rate of urban starts fell 4.7 per cent in August to 235,782.

The annual rate of urban starts for apartments, condos and other types of multiple-unit housing projects dropped 5.7 per cent to 173,120, while the rate of single-detached urban starts fell two per cent to 62,662.

CMHC estimated rural starts at a seasonally adjusted annual rate of 24,457.

The six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 283,971 in August, down from 286,076 in July.

This report by The Canadian Press was first published Sept. 16, 2021

CTVNews.ca Top Stories

Local Spotlight

Record-setting pop tab collection for Ontario boy

It started small with a little pop tab collection to simply raise some money for charity and help someone — but it didn’t take long for word to get out that 10-year-old Jace Weber from Mildmay, Ont. was quickly building up a large supply of aluminum pop tabs.

Stay Connected