Monday, September 15, 2025

Latest

Canadian Housing Starts Trend Lower in June

Housing starts across Canada cooled slightly in June, but still remained elevated as real estate activity maintains its momentum well above historical levels.

According to data published by the Canada Mortgage and Housing Corporation (CMHC) on Friday, the six-month moving average of the monthly seasonally adjusted annual rate (SAAR) of housing starts rose to 293,567 units in June, up from 284,837 units in the month prior. “The six-month trend in housing starts remained elevated in June, despite recent moderation in single-detached starts from the highs recorded in the first quarter of 2021,” said CMHC chief economist Bob Dugan.

Housing Starts in Canada – All Areas (CNW Group/Canada Mortgage and Housing Corporation)

However, the standalone monthly SAAR of housing starts across all regions in Canada trended 1.5% lower in June, as the number of units fell from 286,296 to 282,070 units. Single-detached urban starts fell by 8.5% to 60,105 units, while multiple urban starts rose by a modest 0.6% to 191,085 units. The CMHC estimated that rural starts stood at a seasonally adjusted annual rate of 30,880 units.


Information for this briefing was found via 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.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

More Than 40% of Small Business Owners In the U.S. And Canada Could Not Pay Full Rent In November

Small business conditions may be more fragile than even bearish observers fear and seem to...

Wednesday, November 30, 2022, 06:30:00 AM

Toronto Tightens Rental Rules With Anti-Renoviction Measures

Toronto City Council has approved a new bylaw aimed at protecting tenants from fraudulent renovation-based...

Wednesday, November 20, 2024, 02:11:00 PM

Who Owns Nearly Half of Ontario’s Condo Market?

As it turns out, Ontario’s booming real estate market wasn’t booming because ordinary Canadians desperately...

Wednesday, February 8, 2023, 06:18:00 AM

US Home Prices Soar by Most on Record in Second Quarter

Home prices across the US skyrocketed by the most on record once again, as potential...

Friday, August 13, 2021, 02:14:00 PM

Migration of Businesses Out of New York City Has Leaders Beginning to Worry

As coronavirus cases continue to mount to new record highs, many Americans have been fleeing...

Saturday, July 25, 2020, 10:49:00 AM