The Canada Mortgage and Housing Corporation (CMHC) announced Ontario urban housing (populations 10,000+) starts of 81,200 units in August. When taken at seasonally adjusted annual rates (SAAR) starts were 86,900 units in August, up from 72,200 units in July. Of those, multi family home construction grew the most. Follow the link to view a full press release.
Overall, Canada’s housing starts were also up in August, defying economists’ expectations predicting a decline. The seasonally adjusted annual rate of housing starts nationwide amounted to 224,900 units, up from 208,000 in July. Visit CMHC’s website for detailed numbers.