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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Provincial Fair Deal Panel comes to Lacombe

Panel asks whether Alberta is getting a fair deal in confederation

PHOTO: Kinsmen Auction supports Team Jigger

Over $30,000 auction items and cash donations were made to the event

Local Artist Donna Spencer featured at Lacombe Performing Arts Centre

LPAC is pleased to have “Wanderings: A Collection of Thoughts” currently on display

Lacombe Highway 12/Highway 2A water mains repairs continue

Discovery of multiple leaks on aged water infrastructure prompts repair

Granden Auto, Town of Blackfalds at odds over storage yard

Business owner believes the Town wants his business out of the downtown

WATCH: Night Among the Stars Celebrity Dance-off supports Lacombe BBBS

Over $12,000 raised for Dancer’s Edge Parents Association and Lacombe BBBS

Wetaskiwin RCMP Investigate Shooting incident in Poplar Grove

VW sedan may be linked to Wetaskiwin gun incident

Wetaskiwin RCMP seeking witnesses to car-jacking

Armed theft resulted in two subjects facing multiple charges

Federal emergency group meets on pipeline protests as rail blockades continue

There’s mounting political pressure for Trudeau to put an end to the blockades

VIDEO: Minister reports ‘modest progress’ after blockade talks with First Nation

Wet’suwet’en hereditary chiefs say Coastal GasLink does not have authority to go through their lands

Trudeau cancels Caribbean trip amid pipeline protests across Canada

Protests against Coastal GasLink have disrupted rail service

Trudeau confers with cabinet ministers as rail blockades continue

The Trudeau government has been criticized for not doing more to end the blockades

Canadian nurses’ unions warn national standards for coronavirus protection too low

President says safety protocols nationwide are inadequate compared to those in Ontario and other countries

Most Read