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Canada housing starts speed up in August compared with July - canadahousing-hero

Canada housing starts speed up in August compared with July

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Market Updates

Canada Mortgage and Housing Corp. says housing starts came in at a seasonally adjusted annual rate of 223,232 units for August.

Canada Mortgage and Housing Corp. says housing starts came in at a seasonally adjusted annual rate of 223,232 units for August.

Annual pace of housing starts in Canada have sped in August.  (ANDREW LAHODYNSKYJ)    OTTAWA—Canada Mortgage and Housing Corp. says the annual pace of housing starts in August increased compared with July.

Canada housing starts speed up in August compared with July - canadahousing-1

The agency says housing starts came in at a seasonally adjusted annual rate of 223,232 units for August, up from 221,974 in July.

The increase came as the seasonally adjusted annual rate of urban starts increased by 0.8 per cent in August to 207,524 units.

Multiple urban starts increased by 2.7 per cent to 145,618, while single-detached urban starts fell 3.2 per cent to 61,906 units.

Rural starts were estimated at a seasonally adjusted annual rate of 15,708 units.The six-month moving average of the monthly seasonally adjusted annual rates of housing starts increased to 219,447 in August compared with 217,339 in July.Housing starts in Canada increased in August
By the numbers
223,232
The seasonally adjusted annual rate of housing starts in August.

2.7%
Multiple urban starts increased to 145,618.

0.80%
The annual rate of urban starts increased to 207,524 units.

3.2 %
Single-detached urban starts fell to 61,906 units.Source: Canada Mortgage and Housing Corp.

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