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Related Links: National Archive 2001 Archive January 2001 February 2001 March 2001 April 2001 May 2001 June 2001 July 2001 August 2001 September 2001 October 2001 November 2001 December 2001    |
 
Housing Starts Up in JuneOTTAWA, 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. Information: John-John D'Argensio
News source: Canada Mortgage and Housing Corporation (CMHC)
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