OTTAWA — The seasonally adjusted annual rate of housing starts in Canada was 226,639 units in August, up 1.9% from 222,467 units in July, according to the Canada Mortgage and Housing Corp. The SAAR of urban starts increased by 2% in August to 213,663 units. Multiple urban starts decreased by 1.4% to 160,388 units in August while single-detached urban starts increased by 13.6% to 53,275 units. Rural starts were estimated at a SAAR of 12,976 units.
Housing starts rise on strong urban detached activity
Most Recent
Most Read
BeautiTone unveils 2025 Colour of The Year
Fri, October 04th, 2024
Building materials prices slump in Quebec
Fri, October 04th, 2024
Amazon slated to hire 9,000 employees
Fri, October 04th, 2024
Grainger begins work on warehouse
Thu, October 03rd, 2024
Port strike could cost U.S. economy billions
Thu, October 03rd, 2024
Small businesses to get carbon rebates
Thu, October 03rd, 2024
Port strikes across North America loom large
Wed, October 02nd, 2024
Minimum wage climbs in four provinces
Wed, October 02nd, 2024
U.S. construction spending dips unexpectedly
Wed, October 02nd, 2024
Canfor announces CEO’s departure
Tue, October 01st, 2024