16% increase in Canadian housing starts in July to 279,509 units, according to CMHC.
16% increase in Canadian housing starts in July, as per Canada Mortgage and Housing Corp (CMHC). Seasonally adjusted annual rate of housing starts reached 279,509 units, a 16% rise from the 241,643 units in June. Urban starts increased by 17% to 261,134 units, while single-detached urban starts saw a 2% rise to 43,828 units. The six-month moving average of housing starts rose 3.2% to 255,783 units in July from June's 247,840.
August 16, 2024
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