CHMC reports annual pace of housing starts slowed to 201,973 in October

The decline came as the pace of urban starts fell 9.0 per cent

Canada Mortgage and Housing Corp. says the annual pace of housing starts fell in October as the pace of new construction of apartment, townhouse, condo and other types of multiple-unit housing projects slowed.

The national housing agency says the seasonally adjusted annual rate of housing starts last month slowed to 201,973 units in October compared with 221,135 in September.

Economists had expected an annual pace of 221,200 for October, according to financial markets data firm Refinitiv.

The decline came as the pace of urban starts fell 9.0 per cent. Urban starts of multiple-unit housing projects fell 12.5 per cent to 139,518 units in October, while starts of single-detached urban homes rose 2.4 per cent to 49,786 units.

Rural starts were estimated at a seasonally adjusted annual rate of 12,669 units.

The six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 218,598 in October, down from 223,276 in September.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Snowfall warning for Kootenay and Paulson passes

Up to 30 cm expected in mountain passes Saturday and Sunday.

Music at the Hangar

On Sunday November 17 at 2 p.m., the Golden Seniors Centre will… Continue reading

Moose tests positive for Chronic Wasting Disease in northwest Montana

This is the first time the disease has been detected in the species in Montana

BCTF rejects mediator’s recommendations for settlement

Negotiations between B.C. teachers and the province will continue

Kicking Horse Canyon Project Phase 4 team presents highway closure plan to Golden

By Keri Sculland With files from The Golden Star Golden residents had… Continue reading

Bye bye Bei Bei: Giant panda born in U.S. zoo heads to China

Panda heads back to China as part of cooperative breeding program

Bidders down, costs up for Highway 1, B.C. independent contractors say

Rally protests NDP government’s union-only public construction

Members of little people community applaud change to drop ‘midget’ term

‘It’s not about sensitivity,’ says Allan Redford, the president of the Little People of Canada

Little progress in preventing sudden infant deaths since last report: BC Coroner

Coroners panel studied 141 sleep-related sudden infant deaths between 2013 and 2018

B.C.’s ‘Dr. Frankenstein of guns’ back in jail yet again for trafficking in Glock parts

Bradley Michael Friesen has parole revoked for allegedly importing gun parts yet again

B.C. woman suing after laser hair removal leaves her with ‘severe’ burns, scarring

Nadeau felt ‘far more pain’ than usual during the treatment

$2.9 million judgment in B.C. blueberry farm sabotage lawsuit

The new owners saw most of their farm ruined just as they took possession

B.C. to more than double sales tax on vaping products

Tax up from 7 to 20 per cent, tobacco tax up two cents

29 B.C. students in Hong Kong amid tense protests, university siege

Eight UVic and 21 UBC students still in Hong Kong

Most Read