(The Canadian Press)

CMHC reports annual pace of housing starts in Canada increased in June

Rural starts were estimated at a seasonally adjusted annual rate of 15,006 units

Canada Mortgage and Housing Corp. says the annual pace of housing starts rose in June as starts of multi-family projects rose, offsetting a decline in single-detached homes.

The federal housing agency says the seasonally adjusted annual rate of housing starts came in at 211,681 units in June, up from 195,453 in May.

Economists on average had expected an annual pace of 198,000 starts, according to financial markets data firm Refinitiv.

The result came as urban starts of apartments, condos and other types of multiple-unit housing projects rose 13.0 per cent to 154,602 units in June, while urban starts of single-detached homes fell 4.5 per cent to 42,073.

Rural starts were estimated at a seasonally adjusted annual rate of 15,006 units.

The six-month moving average of the monthly seasonally adjusted annual rates of housing starts rose to 199,655 in June, up from 197,063 in May.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Real estate

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

Just Posted

Tools, guitars, $10,000 paint sprayer stolen in Langley thefts

Langley RCMP also have a lost diamond ring and are looking for the owner

UPDATED: Missing teen who went to Langley mall found safe

Mother said the 17-year-old is diabetic and didn’t have his insulin

Shopping local in Aldergrove could pay off this month

$600 in prizes available for the people who buy the most local goods

Aldergrove nine year old starts veggie stand to raise money for his first computer

Lochlan Delmaestro has sold $45 worth of herbs and vegetables in just two weeks

BREAKING: Reported stabbing in Harrison Hot Springs

Police chase ran through Agassiz, witnesses say

B.C. conservation officers free not-so-wily coyote

Poor pup was found with a glass jar stuck on its head in Maple Ridge

Fraser Valley Bandits clinch first round bye with win

Bandits defeat Guelph 84-70, advance to the CEBL semifinals on Saturday

B.C. doctors, dentists call on province for mandatory mask rule

Open letter says masks should be worn in indoor public spaces, public transportation or in crowds

Dwindling B.C. bamboo supply leaves Calgary Zoo biologists worried about pandas

Zoo has been trying to send pandas back to China since May

Maple Ridge firefighting camp empowers young women

Camp Ignite to take place at Justice Institute on Sunday, Aug. 9

Facebook launches its new TikTok clone, Instagram Reels

Facebook has a long tradition of cloning competitive services

B.C. Appeal Court prevents Victoria woman from using the term ‘death midwife’ in her job

Pashta MaryMoon claimed she had been providing “death-care services” for more than 40 years

Most Read