CMHC reports annual pace of housing starts in Canada picked up in August

The six-month moving average of the monthly seasonally adjusted annual rates of housing starts rose to 213,144 in August, up from 204,597 in July.

CMHC reports annual pace of housing starts in Canada picked up in August

The increase came as the annual pace of urban starts increased 7.1 per cent in August to 248,154. The pace of urban starts of apartments, condos and other types of multiple-unit housing projects climbed 9.1 per cent to 201,214 units, while single-detached urban starts fell 1.0 per cent to 46,940.

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August new home starts fall one-third year over year in Alberta

In Calgary, total starts for the month were 736, down from 1,051 in August last year.

August new home starts fall one-third year over year in Alberta

Total starts in the CMA this year to date are 5,426 homes, compared to 6,442 starts to the end of August 2019. Last month’s figure puts builders on trend to start 8,344 homes in 2020, the lowest since the great recession of 2008/2009.

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