Housing starts pick up in June

OTTAWA — The standalone monthly rate of housing starts (seasonally adjusted) for all areas in Canada was 218,333 units in June, up from 186,709 units in May, according to the Canada Mortgage and Housing Corp. The SAAR of urban starts increased by 18.1% in June to 202,702 units. Multiple urban starts increased by 26.7% to 142,819 units in June and the single-detached urban starts increased by 1.7% to 59,883 units. In June, the SAAR of urban starts increased in British Columbia, Ontario, and in the Prairies, but decreased in Atlantic Canada, and Québec. Rural starts were estimated at a SAAR of 15,631 units.