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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Alberta reports just seven new COVID-19 cases

‘Today’s numbers mark an occasion to be celebrated’

Sylvan Lake RCMP continue to search for missing man

43-year-old Steven Michael Hull is still missing and Sylvan Lake RCMP are seeking public assistance

Lacombe County Reopens Sandy Point Beach for the season

Signage is posted at the beach outlining public health orders

Still no confirmed active COVID-19 cases in Red Deer, central zone

There are 15 new confirmed cases were in Alberta, the province said Thursday

Sylvan Lake baseball stadium on track for 2021 season

The Sylvan Lake Gulls announced plans for the stadium and the team continue to move ahead as planned

A letter from the publisher

Eckville Echo’s Publisher, Barb Pettie, addresses the readers of the paper in a letter

Nunavut to bring in civilian police review after arrest video: minister

Nunavut to bring in civilian police review after arrest video: minister

Trudeau takes a knee at anti-racism protest on Parliament Hill

Trudeau takes a knee at anti-racism protest on Parliament Hill

Liberal MP Marwan Tabbara faces assault, break and enter, harassment charges

Liberal MP Marwan Tabbara faces assault, break and enter, harassment charges

Black Canadians say racism here is just as harmful as in the United States

Black Canadians say racism here is just as harmful as in the United States

Implementation of Divorce Act reforms delayed eight months by pandemic

Implementation of Divorce Act reforms delayed eight months by pandemic

Canada’s James Hinchcliffe ready for Genesys 300 as IndyCar takes the stage

Canada’s James Hinchcliffe ready for Genesys 300 as IndyCar takes the stage

Racial unrest achingly familiar for Jenkins, other Canadian black athletes

Racial unrest achingly familiar for Jenkins, other Canadian black athletes

Colonial attracts top 5 in the world in return to PGA Tour

Colonial attracts top 5 in the world in return to PGA Tour

Most Read