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August sees a 1% drop in Canadian housing starts, totaling 252,787 units
Posted on September 22, 2023 |
In August, the standalone monthly seasonally adjusted annual rate (SAAR) for total housing starts in Canada saw a drop of 1% to 252,787 units from the previous month's 255,232 units.
Among urban areas with a population of 10,000 or more, the monthly SAAR for total urban starts fell by 1.0% in August, registering 233,075 units.
Multi-unit urban starts also saw a 1.0% decrease, reaching 191,250 units, while single-detached urban starts grew by 2% to 41,825 units. Rural starts were estimated at 19,712 units.
The trend in housing starts across Canada remained consistent, with 244,507 units.