Friday, May 30, 2025

Latest

Canadian Housing Starts Slump in August as Construction Continues to Slow

The pace of housing starts across Canada slowed in August, as new construction continues to decline from previous record-highs.

According to the CMHC, the adjusted annual rate of housing starts slumped from 270,744 units in July to 260,239 units last month, marking a decrease of 3.9%. Urban starts fell 4.7% in August to 235,782 units, multiple urban starts decreased 5.7%, and single-detached urban starts were also down 2% to 62,662 units. The CMHC estimates that rural starts stood at a seasonally adjusted annual rate of 24,457 units in August.

Source: CMHC

The latest decline comes as construction activity recedes from the year’s previous highs. Although both single-detached and multi-family starts were down across major urban areas in Canada, the overall level of housing starts still remains elevated compared to historical averages.

Information for this briefing was found via the CMHC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

CMHC: Housing Starts Plummet 23% in May

The CMHC on Thursday reported that housing starts across Canada decreased by 23% in May,...

Thursday, June 15, 2023, 09:19:41 AM

Iconic Hudson’s Bay Company Fails to Make Rent Payments as Pandemic Continues to Ravage Brick-and-Mortar Retailers

Over the years, Canada has been home to some iconic shopping experiences, including Eaton’s department...

Monday, November 23, 2020, 02:13:39 PM

Canadian Housing Starts Down 3% in August as Multi-Units Tumble

Canadian housing starts were down between July and August, as the pace of urban starts...

Friday, September 16, 2022, 10:46:31 AM

US Home Construction Suffers Significant Decline in April

Not only are there significantly fewer houses being sold in the US during the financial...

Wednesday, May 20, 2020, 07:10:00 PM

Housing Minister Refuses To Call Housing “Challenge” A Crisis

While more and more Canadians are struggling to put themselves in a home they own,...

Wednesday, February 15, 2023, 10:54:47 AM