DCN ARCHIVES

September 14, 2011

Canada Mortgage and Housing Corp reports drop in housing starts

OTTAWA

The pace of home construction slowed in August compared to July 2011 as builders started on few condominiums and apartments, announced the Canada Mortgage and Housing Corporation (CMHC).

The seasonally adjusted annual rate of housing starts was 184,700 units in August, down from 204,500 the previous month.

The seasonally adjusted annual rate of urban starts decreased by 10.2 per cent to 165,800 units in August. Multiple urban starts were down by 15.5 per cent to 101,400 units, while urban single starts decreased by 0.3 per cent in August to 64,400 units.

Housing starts decreased in all regions except the Prairies, which saw an urban increase of 9.4 per cent over the same period.

August’s seasonally adjusted annual rate of urban starts decreased by 41.4 per cent in the Atlantic region, by 15.3 per cent in British Columbia, by 11.8 per cent in Ontario and by 8.8 per cent in Quebec.

DCN News Services

Print | Comment

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 479 projects with a total value of $1,224,678,004 that Reed Construction Data Building Reports reported on Wednesday.

MULTI-RESIDENTIAL APARTMENT BUILDING

$31,000,000 Richmond Hill ON Negotiated

AQUATIC CENTRE ADDN, OUTDOOR RINK

$30,000,000 Brampton ON Tenders

OFFICE BUILDING

$30,000,000 Mississauga ON Negotiated

Daily Top 10

CURRENT STORIES
TODAY’S TOP JOBS

Technical Sales Representative
Ontario-Bolton

Site Super
Ontario-East York

Project Control Coordinator - NLLP Program Office (16633)
Ontario-North Bay

Experienced Site Superintendent
Ontario-Cobourg

Project Manager
Ontario-Oshawa

Estimator
Ontario-Toronto

Site/Field Coordinator
Ontario-Mississauga

Superintendent
Alberta-Red Deer

Operations Foreman
British Columbia-Vancouver

Earthworks Estimator
Ontario-King

More jobs 

myJobsite.ca

Your gateway to
the top careers
in construction
and design