Canadian housing starts trend steady in October

Source:
CMHC/Fordaq
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The trend in housing starts was 216,770 units in October 2017, compared to 215,153 units in September 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

The standalone monthly SAAR of housing starts for all areas in Canada was 222,771 units in October, up from 219,293 units in September. The SAAR of urban starts increased by 2.5 per cent in October to 205,935 units.

Multiple urban starts increased by 12.5 per cent to 149,593 units in October. Single-detached urban starts decreased by 17.1 per cent, to 56,342 units.

Rural starts were estimated at a seasonally adjusted annual rate of 16,836 units.

 

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