Housing starts rise in June

OTTAWA — The standalone monthly SAAR of housing starts was 202,818 units in June, up from 196,981 units in May. The SAAR of urban starts increased by 3.2% in June to 188,720 units. Multi-unit urban starts increased by 3.7% to 130,933 units in June, while the single-detached urban starts segment increased by 2% to 57,787 units. In June, the seasonally adjusted annual rate of urban starts increased in British Columbia, Quebec, the Prairies, and Atlantic Canada, while it decreased in Ontario.