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Overall decline in June 2010 housing starts – announces CMHC


July 19, 2010
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According to Canada Mortgage and Housing Corporation (CMHC), the seasonally adjusted annual rate of housing starts was 189,300 units in June 2010. The rates for April and May were also revised to result in a month-over-month gain of 3.7% in April, a 5.1% decline in May and another decline of 3.1% in June.

Bob Dugan, chief economist at CMHC’s Market Analysis Centre states that
“housing starts decreased during June largely due to the multiple
starts segment in Ontario. The singe starts segment was largely
unchanged Canada-wide.”

The seasonally adjusted annual rate of urban starts decreased by 2.6%
to 167,00 units in June. This overall decrease comes from a 19.8%
decline in Atlantic Canada, a 17.4% decline in Ontario, an 11.6% gain
in Quebec, an 8.6% gain in the Prairie Region, and a 6.3% gain in
British Columbia. Rural starts are at a seasonally adjusted annual rate
of 22,300 units in June.

A graph and table of all Housing Starts in Canada are available HERE.


CMHC