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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New apartment starts carry Edmonton new homes market

New home starts in the Edmonton census metropolitan area (CMA) in July were two-thirds higher than in June, on the heels of a strong showing in the apartment sector.

New apartment starts carry Edmonton new homes market

“In Edmonton, even though starts trended higher in July 2020 compared to the previous month mainly due to increase in apartment units as the demand for apartment rental units increased, it was still 31 per cent lower compared to July 2019,” says Christian Arkilley, senior analyst, economics, wit…

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CMHC reports annual pace of housing starts in Canada increased in June

The federal housing agency says the seasonally adjusted annual rate of housing starts came in at 211,681 units in June, up from 195,453 in May.

CMHC reports annual pace of housing starts in Canada increased in June

The result came as urban starts of apartments, condos and other types of multiple-unit housing projects rose 13.0 per cent to 154,602 units in June, while urban starts of single-detached homes fell 4.5 per cent to 42,073.

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