Stable housing starts in the province
Housing starts in Prince Edward Island’s urban areas were stable in June, according to the Canada Mortgage and Housing Corporation.
Seasonally adjusted figures show there were 296 new units in June compared to 293 in May.
But it appears Summerside may have seen a slight downturn.
“Year-to-date housing starts in Charlottetown were on par with those from last year – fewer multiples starts in Summerside drew total housing starts below year-earlier figures,” said Sarena Teakles, senior market analyst with CMHC’s Atlantic market analysis centre.
As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and advice to Canadian governments, consumers and the housing industry.