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

Columbia River Treaty: ‘It is going to get tough’

B.C. negotiator tells Nelson meeting that talks are cordial, so far

Midway man finds new freedom with a dutiful companion

Brett Merchant met his new service dog, Carrie, at a training facility in Ontario in September

Boundary Métis Community Association celebrates Louis Riel in Grand Forks

The association’s next big event will be a Family Day fishing derby at Wilgress Lake in February

Curlers throw in Grand Forks bonspiel

Nearly 100 curlers took over the curling club last weekend for the tournament

Weekend losses for Border Bruins stretch losing streak to six games

The Bruins have been outscored 38-14 over their last six games

B.C. politicians view supermodel’s transition journey on Transgender Day

Liberal MLA Jane Thornthwaite and New Democrat MLA Spencer Chandra Herbert appear in the documentary

BC Ferries’ two new hybrid vessels set sail for B.C. from Romania

Two Island Class ferries to be in use by 2020

Distracted driving tickets not for ICBC revenue, B.C. minister says

Minister Mike Farnworth calls SenseBC analysis ‘nonsense’

CN Rail strike and lack of trucking alternatives stoke forest industry fears

Companies calling on the federal government to ‘do everything in its power’ to end the strike

Prime Minister Justin Trudeau unveils new Liberal cabinet

Pivotal role in his new cabinet for a minority-government era goes to Chrystia Freeland

B.C. mom, kids on bike turned away from Tim Hortons drive-thru

Car-free for years, Charity Millar ‘felt gross’ being denied service

B.C. woman puts call out for 10,000 personal, heartfelt Christmas cards for the homeless

Christmas Card Collective enters into third year of making spirits bright

No turn signals, double-parking among top concerns for B.C. drivers: poll

Two-thirds of B.C. drivers said that not using turn signals was their biggest pet peeve

Man accused in fatal Shuswap church shooting also charged with arson

Parmenter family home badly damaged by fire a month before killing

Most Read