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CMHC report: August housing starts


September 10, 2010
By CMHC

Sept. 9, 2010, Ottawa – The seasonally adjusted annual rate of housing starts was 183,300 units in August, according to Canada Mortgage and Housing Corporation (CMHC).

Sept. 9, 2010, Ottawa – The seasonally adjusted annual rate of housing starts was 183,300 units in August, according to Canada Mortgage and Housing Corporation (CMHC). The seasonally adjusted annual rate estimate of housing starts
activity was revised down in July from 189,200 units to 188,900 units. This results in a month-over-month decrease of 3.0 per cent in August.

“Housing
starts moved lower in August, reflecting a decrease in both single and
multiple starts,” said Bob Dugan, Chief Economist at CMHC’s Market
Analysis Centre.

The seasonally adjusted annual rate of urban
starts decreased by 3.7 per cent to 162,800 units in August. Urban
multiple starts moved lower by 3.7 per cent to 97,800 units, while
single urban starts decreased by 3.6 per cent to 65,000 units.

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Rural starts were estimated at a seasonally adjusted annual rate of 20,500 units.

As
Canada's national housing agency, CMHC draws on more than 60 years of
experience to help Canadians access a variety of high quality,
environmentally sustainable and affordable homes. CMHC also provides
reliable, impartial and up-to-date housing market reports, analysis and
knowledge to support and assist consumers and the housing industry in
making vital decisions.

View statistics and more information online, or call 1-800-668-2642 for more information.


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