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CMHC reports annual rate of housing starts in June down six per cent from May
CMHC said completions rose 8.4% to 18,298 even as the seasonally adjusted annual pace of housing starts fell to 238,971 units.
- Canada Mortgage and Housing Corp. reported that the annual pace of housing starts in June fell 6 per cent compared with May, with the seasonally adjusted rate reaching 238,971 units.
- The six-month moving average of the seasonally adjusted annual rate for June was 248,123 units, marking a 2.8 per cent decline from May and reflecting broader softening in the market.
- Conversely, units under construction in centres with 50,000-plus population totalled 375,469 in June, up 0.2 per cent, while completions surged 8.4 per cent to 18,298.
- Units with approved building permits not yet started amounted to 137,324 in June, falling 1.1 per cent from May and suggesting constrained pipeline momentum.
- Rural housing starts were estimated at 11,141 units for June, providing a complete national picture as the market navigates competing pressures between declining starts and rising completions.
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Annual rate of housing starts in June down 6% from May: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell 6% compared with May. The national housing agency says the seasonally adjusted rate of housing starts came in at 238,971 units in June compared with 253,083 in May. The six-month moving average of the seasonally adjusted annual rate was 248,123 units for June, down 2.8% from May. The results came as CMHC says the number of units under construction in centres wi…
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Total News Sources14
Leaning Left4Leaning Right0Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 44%
C 56%
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