July’s na­tional hous­ing stats

Penticton Herald - - HOMES -

OT­TAWA—- Canada Mort­gage and Hous­ing Corp. says there was a slow­down in hous­ing con­struc­tion starts in July, fol­low­ing a near-record high in the pre­vi­ous month.

The fed­eral Crown cor­po­ra­tion says the sea­son­ally ad­justed rate of hous­ing starts dropped to 206,314 units in July, from 346,200 in June.

Ur­ban mul­ti­ple-unit projects such as con­dos and apart­ments de­clined by 20.3 per cent from June to 136,231 units in July, while sin­gle-de­tached ur­ban starts de­creased by 3.6 per cent month-over-month to 53,862 units.

Ru­ral starts were es­ti­mated at a sea­son­ally ad­justed an­nual rate of 16,221 units in July.

CMHC notes that the six-month trend for hous­ing starts re­mained well above his­tor­i­cal av­er­ages due to el­e­vated lev­els of multi-unit hous­ing starts in most ma­jor mar­kets.

In a sep­a­rate re­port, Sta­tis­tics Canada says its na­tional in­dex of new hous­ing prices edged up 0.1 per cent in June, mainly due to higher con­struc­tion costs.

The best method of con­trol­ling this in­vader is to pre­vent estab­lish­ment by de­stroy­ing the first plants found in an area be­fore seed­pods be­gin to form.

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