OTTAWA, June 8, 2011 — The seasonally adjusted annual rate1 of housing starts was 183,600 units in May, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 178,700 units in April 2011.
“Housing starts increased modestly in May due to an increase in multiple construction in most provinces and in rural starts,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The increase in multiples and rural starts was partly off-set by a decrease in single starts.”
The seasonally adjusted annual rate of urban starts increased by 0.8 per cent to 161,000 units in May. Urban multiple starts were up by 4.0 per cent in May to 100,000 units, while single urban starts decreased by 4.1 per cent to 61,000 units.
