According to Canada Mortgage and Housing Corporation, annual rate of housing starts in June is 197,400 units, up from a revised 194,100 units in May and 194,100 units in April.
“Housing starts increased in June due to an increase in single and multiple starts in Ontario,” says Bob Dugan, chief economist at Canada Mortgage’s Market Analysis Centre. “The revised numbers show that housing starts have been above their trend line since March. However, we expect housing starts to move back towards levels consistent with demographic fundamentals in the near term.”
Housing starts increased in June due to an increase in single and multiple starts in Ontario.
The seasonally-adjusted annual rate of urban starts increased by 2.2 percent to 174,600 units in June. Urban single starts were up by 11.1 percent in June to 70,900 units, while multiple urban starts decreased by 3.1 percent to 103,700 units.
June’s seasonally-adjusted annual rate of urban starts increased by 24.1 percent in Ontario, and by 5.6 percent in the Atlantic region. British Columbia posted a decrease of 27.6 percent over the same period, while urban starts decreased 3.6 percent in Quebec, and by 1.2 percent in the Prairie region.
Rural starts were estimated at a seasonally-adjusted annual rate of 22,800 units in June.
According to Canada Mortgage and Housing Corporation Seniors’ Housing Report the vacancy rate for standard spaces in seniors' residences remains stable at 10.7 percent, compared to 10.8 percent in 2010.
"Vacancy ...
READ MORE
Federal, provincial and territorial ministers responsible for housing announced recently a $1.4 billion combined investment toward reducing the number of Canadians in housing need under a new Affordable Housing Framework ...
READ MORE
Troy Media - By Will Van’t Veld
While there has been an up-tic in lumber demand from Asia, building homes in America is still the dominant user of Alberta lumber and ...
READ MORE
Troy Media - By Dan Sumner
Construction has been one of the slower sectors of the provincial economy to emerge from the recession. However the value of permits issued in May ...
READ MORE
Troy Media - By Dan Sumner
Construction has been one of the slower sectors of the provincial economy to emerge from the recession. However the value of permits issued in May ...
READ MORE
Canada Mortgage and Housing Corporation recently released the results of a survey estimating 1.9 million households completed home renovations last year, compared to 2.1 million households in 2009.
This translates to a ...
READ MORE
Troy Media - By Bryan Yu
According to today’s Statistics Canada’s labour market report, estimated B.C. employment slipped in June, pulling back 0.4 per cent to a seasonally-adjusted 2.268 million persons.
This ...
READ MORE
Optimism amongst small and medium-sized businesses dropped slightly in June, according to the Canadian Federation of Independent Business.
“Although a negative result, the index and other general indicators of business ...
READ MORE
Vacancy rate in seniors’ housing remains stable
Canadian governments announce new affordable housing framework
U.S housing nightmare hurting Alberta lumber industry
Alberta non-residential building activity picking up; Edmonton housing
Alberta non-residential building activity picking up; Edmonton housing
Calgary has lowest percentage of renovating homeowners in
B.C. economic snapshot for July 9, 2011
Canadian business confidence down slightly
Tags: Canada Mortgage and Housing Corporation, Housing Starts
Category: Living
