Canadian housing starts rise 4 per cent in July, CMHC says
The agency says the seasonally adjusted annual rate of housing starts was 294,085 units for July, up from 283,523 in June.
The seasonally adjusted annual pace of housing starts for Canadian centres with a population of 10,000 or greater was 273,618 units, up five per cent from 261,171 in June.
The annual pace of rural starts was estimated at 20,467 units.
Opinion: Ottawa must resist the temptation to fiddle with CMHC amid housing market slump
Rental apartment construction was supposed to fix Canada's housing crisis, but developers are struggling - and the pain is spreading
CMHC says actual housing starts in July for centres with a population of 10,000 or greater was 23,464 units, up four per cent from 22,610 in July 2024.
The six-month moving average of the overall seasonally adjusted annual rate housing starts for all areas was 263,088 units in July, up 3.7 per cent from June.
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