OTTAWA, Ontario, July 10, 2001 — The seasonally adjusted annual rate* of housing starts in Canada went up by 13.7 per cent in June to 176,200 units compared with 155,000 units in May, according to Canada Mortgage and Housing Corporation (CMHC).
Urban multiple starts rose 24.6 per cent to an annual rate of 78,000 units compared with 62,600 in May. Urban single starts increased 8.3 per cent to an annual rate of 76,000 from 70,200 units the previous month. All regions have posted gains in each type of dwellings this month except in the Atlantic where the urban single starts were down.
"This month's growth in total starts comes from a strong performance of multiple urban starts especially in the Atlantic and Ontario. For the multiple starts, this marks the fourth consecutive rise since February" said John-John D'Argensio, an economist at CMHC's Market Analysis Centre. "In addition, the increase in single urban starts conveys that the demand for housing is still solid."
*All starts figures in this release are seasonally adjusted annual rates (SAAR), that is, raw monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect an annual pace. Other CMHC local and provincial releases may present analysis using raw figures.
CMHC (613) 748-2300 ext:3500
|PRINCE EDWARD ISLAND||34||300||25||200|
|TOTAL (+10,000 pop.)||13,592||132,800||14,978||154,000|
|OTHER AREA ESTIMATES
(Less than 10,000 pop.)