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

Petition seeks to clean up Okanagan forests ‘carpeted’ with shotgun shells

Penticton man says making shot-gun shells refundable would create cleaner forests

Shuswap cabin owner hopes to improve B.C.-Alberta relations

Alberta resident redrafts response to CSRD request to stay home

Single-lane traffic on Highway 1 in Salmon Arm due to aging watermain

City says goodbye to cast-iron main while moving it off highway, into park

Snapshot: Distanced dancing in Salmon Arm

Friends use picnic shelter at Blackburn Park for safe practice

Okanagan film society screening for scholarships

North Okanagan students pursuing creative arts can apply for $2,000 bursaries

Enderby’s drive-in not safe from top doc’s 50-car limit

Starlight Drive-In opened with reduced capacity, COVID-19 safety measures in place

Parking lot patios a go in Vernon

Council votes in favour of allowing businesses to expand commercial space into on-street parking spots

Petition seeks to clean up Okanagan forests ‘carpeted’ with shotgun shells

Penticton man says making shot-gun shells refundable would create cleaner forests

Kelowna’s main drag will be closed to vehicles this summer

Kelowna’s Bernard Avenue will be a pedestrian-only roadway from June 29 through the Labour Day long weekend

Vernon gym knocked out by COVID-19

9Round Fitness in Vernon Square Mall owners announce permanent closure of facility

Kelowna’s Homebase Baseball Tournament cancelled

A live auction will still take place to raise funds for Joeanna’s House

Kelowna General Hospital Foundation launches fundraising initiative to support local health care

The initiative also highlights workers at Kelowna General Hospital

Kelowna man charged with harming a hamster

The 20-year-old Kelowna man faces several animal cruelty charges

Most Read