CMHC reports annual pace of housing starts down 1% in August

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Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada edged down one per cent in August compared with July.

New homes are constructed in Ottawa on Monday, Aug. 14, 2023. THE CANADIAN PRESS/Sean KilpatrickLast Updated Monday, September 18, 2023 10:11AM EDTThe national housing agency says the seasonally adjusted annual rate of housing starts in August came in at 252,787 units compared with 255,232 in July.The pace of multi-unit urban starts decreased one per cent to 191,250, while the rate of single-detached urban starts rose two per cent to 41,825.

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