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

Vancouver Island man guilty of California murder cold case

Jury rules Shawnigan Lake’s Anthony Kubica killed wealthy Palm Springs senior in 1990

Victim of downtown Courtenay assault dies from injuries

Person of interest identified by RCMP

‘Actors can play any roles’: Debate over ‘colour-blind’ casting after Victoria lawsuit

Tenyjah Indra McKenna filed a complaint over racially-motivated casting

Talks between Western Forest Products and union break down

No more negotiations imminent between United Steelworkers 1-1937 and company

Farmers worry about future of water in Vancouver Island watershed

Some water licences restricted for first time last summer in Cowichan Valley’s Koksilah region

VIDEO: ‘Climate emergency’ is Oxford’s 2019 Word of the Year

Other words on the shortlist included ‘extinction,’ ‘climate denial’ and ‘eco-anxiety’

One person hurt in rollover crash on Nanaimo Parkway

Accident happened a little after noon in southbound lanes near Cedar Road

Federal laws at heart of West’s anger up for debate, as Liberals begin outreach

Vancouver mayor to Trudeau’s western critics: ‘Get over yourselves’

Snowboard pioneer Jake Burton Carpenter dies at 65

He was diagnosed with testicular cancer in 2011

Teen developed ‘popcorn lung’ due to vaping: Ontario doctors

Boy went from being in perfect health to being on life support after just five months

B.C. judge tosses ‘N’ driver’s claim he was just using phone to decline his mom’s call

Distracted driving laws are more strict for Class 7, or Novice drivers, the judge noted

Woman calls 911 to say she was late for train, asks Ontario police for ‘emergency ride’

Peel Regional Police received more than 180,000 improper calls so far this year

Saanich mayor urges premier to tweak road speeds in an ‘epidemic of road crash fatalities’

Haynes cites ICBC and provincial documents in letter to John Horgan

It could take you 218 years to save up for a house in this B.C. neighbourhood

It would take 27 years in the most affordable city in the Lower Mainland

Most Read