Hous­ing starts picked up in June

The Guardian (Charlottetown) - - BUSINESS -

OT­TAWA — Canada Mort­gage and Hous­ing Corp. says the an­nual pace of hous­ing starts in Canada picked up in June. The sea­son­ally ad­justed an­nual rate of hous­ing starts in June came in at 212,695 units, up from 194,955 units in May. Econ­o­mists had ex­pected the an­nual rate to come in at 200,000, ac­cord­ing to Thom­son Reuters.

The over­all in­crease came as the pace of ur­ban starts in­creased by 9.6 per cent to 194,773 units. Multi-unit ur­ban starts in­creased by 9.4 per cent to 127,944, while sin­gle-de­tached ur­ban starts in­creased by 10.1 per cent to 66,829. Ru­ral starts were es­ti­mated at a sea­son­ally ad­justed an­nual rate of 17,922 units. The six-month mov­ing av­er­age of the monthly sea­son­ally ad­justed an­nual rates in­creased to 215,459 in com­pared with 214,570 in May.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.