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CMHC reports January housing starts down 15 per cent from December
Canada Mortgage and Housing Corporation cites economic uncertainty and lower immigration as factors while actual starts rose 1% in population centres over 10,000, with 16,088 units in January.
- Canada Mortgage and Housing Corporation said the seasonally adjusted annual rate of housing starts declined 15% in January to 238,049 units from 280,668 in December.
- Using a six-month moving average, CMHC found the six-month trend in housing starts decreased 3.5% in January to 254,794 units, smoothing monthly volatility.
- In population centres of 10,000 or greater, actual starts were up 1% year‑over‑year with 16,088 units, while Ontario increased 12%, and British Columbia rose 41%.
- CMHC deputy chief economist Tania Bourassa-Ochoa warned that while actual starts in January were flat, the six-month trend has decreased for the fourth consecutive month, and CMHC said new construction will trend lower due to costs and weaker demand.
- The policy context includes the Ford government struggling to hit its 1.5 million new homes by 2031 target, while Build Canada Homes launched last September received an initial $13 billion.
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CMHC Reports January Housing Starts Down 15 Percent From December
Canada Mortgage and Housing Corp. says the annual pace of housing starts declined 15 percent in January. The national housing agency says the seasonally adjusted annual rate of housing starts was 238,049 units in January compared with 280,668 units in December. It says the January drop more than offset the increase observed in December. Actual housing starts were up one percent year-over-year in centres with a population of 10,000 or greater. So…
·New York, United States
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The Canada Mortgage and Housing Corporation (CMHC) reports that the monthly number of start-ups decreased by 15% in January for Canada as a whole.
·Montreal, Canada
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Winnipeg Free Press+7 Reposted by 7 other sources
CMHC reports January housing starts down 15 per cent from December
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Total News Sources25
Leaning Left6Leaning Right1Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 43%
C 50%
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