June Housing Starts Ahead of Last Year, Reports CMHC - On-Site Magazine

June housing starts ahead of last year, reports CMHC - On-Site Magazine

Housing Starts in Canada – All Areas. (CNW Group/Canada Mortgage and Housing Corporation) Although Canada’s total monthly seasonally adjusted annual rate (SAAR) of housing starts was flat in June, that didn’t prevent growth in both the six-month trend, as well as in year-over-year actual starts, reports Canada Mortgage and Housing Corporation (CMHC). While June’s monthly SAAR was relatively unchanged at 283,734 units, the six-month trend in hous…

June Housing Starts "Surpassed Expectations," Toronto Still Weak

While gains remain marginal compared to the first half of 2024, housing starts continued to tick up in June, according to the most recent data from the Canada Mortgage and Housing Corporation (CMHC).After surging 30% in April, the seasonally adjusted annual rate (SAAR) of housing starts remained more or less flat between April and June, meanwhile the six-month trend in housing starts grew by 3.6% to 253,081 units following a slight 0.8% increase…