Skip to main content

CMHC says annual pace of housing starts slowed in October

Share
OTTAWA -

Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in October from its high for the year reached in September.

The national housing agency says the seasonally adjusted annual rate of housing starts in October was 267,055 units, down 11 per cent from 298,811 units in September.

The annual pace of urban starts was down 11 per cent at 245,234 units in October as multi-unit urban starts fell 13 per cent to 188,189 units. Urban starts of single-detached homes dropped four per cent to 57,045 units.

CMHC says the annual pace of starts was down in Toronto and Vancouver, however Montreal posted an increase.

Rural starts were estimated at a seasonally adjusted annual rate of 21,821.

The six-month moving average of the monthly seasonally adjusted annual rate was 277,667 units in October, up 0.5 per cent from 276,374 in September.

This report by The Canadian Press was first published Nov. 16, 2022.

CTVNews.ca Top Stories

Local Spotlight

N.B. man wins $64 million from Lotto 6/49

A New Brunswicker will go to bed Thursday night much richer than he was Wednesday after collecting on a winning lottery ticket he let sit on his bedroom dresser for nearly a year.

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