CMHC says annual pace of housing starts in Canada slowed in September

OTTAWA – Canada Mortgage and Housing Corp. says the annual tempo of housing begins in September fell in contrast with August.

The nationwide housing company says the seasonally adjusted annual charge of housing begins final month was 251,151 items, down 4.4 per cent from 262,754 in August.

The drop got here because the annual tempo of city begins fell 4.5 per cent in September to 223,055.

The annual charge of city begins for residences, condos and different sorts of multiple-unit housing tasks dropped 4 per cent to 165,861, whereas the speed of single-detached city begins fell 5.9 per cent to 57,194 items.

CMHC estimated rural begins at a seasonally adjusted annual charge of 28,096 items.

The six-month transferring common of the month-to-month seasonally adjusted annual charge of housing begins was 271,068 in September, down from 284,757 in August.

This report by The Canadian Press was first printed Oct. 18, 2021.

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