Housing Starts Increase Nationally In June

Housing starts across Canada increased in June, to 183,959 units up from 179,908 units in May, according to the Canada Mortgage and Housing Corporation.

In Ontario, the seasonally adjusted annual rate of urban starts decreased.

“The trend in housing starts increased this month as multiple starts trended upward, offsetting a downward trend in single-detached home starts,” said the chief economist for the Canada Mortgage and Housing Corporation, Bob Dugan. “The rise in the trend of multiple starts reflects a 53% increase in seasonally adjusted multiple starts from February to June 2015. Seasonally adjusted multiple starts are at their highest level since September 2012, but are expected to moderate over the coming months.”

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