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- Canda: July’s housing starts continued to pick up pace
Canda: July’s housing starts continued to pick up pace
The trend measure of housing starts in Canada was 201,936 units in July compared to 197,847 in June, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts.
"July's housing starts continued to pick up pace, as construction strengthened in BC and Ontario's multi-unit segments," said Aled ab Iorwerth, CMHC's Deputy Chief Economist. "This reflects continued strong demand for lower-priced homes and low inventories of completed and unsold new units."
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