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Fall in housing starts: CMHC

Darpan News Desk The Canadian Press, 16 Aug, 2023 10:35 AM
  • Fall in housing starts: CMHC

The annual pace of housing starts in July fell 10 per cent from June when they posted their strongest showing of the year.

Canada Mortgage and Housing Corporation reports the annual pace of urban starts was down 11 per cent, the rate of multi-unit urban starts fell 12 per cent and the pace of single-detached urban starts dropped four per cent.

C-M-H-C says housing starts fell 23 per cent in Vancouver but rose 33 per cent in Calgary.

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Aldergrove man charged with manufacturing firearms and drug possession 

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Home set on fire in Richmond

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Seizure of rifles near Quesnel

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BC offers rebates on new E-bikes

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BC offers rebates on new E-bikes

Premier Eby heads to Asia for trade mission

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Canada's residential mortgage debt rises 6 percent

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Canada's total residential mortgage debt has climbed six per cent in the past year to 2.08-trillion-dollars. But Canada Mortgage and Housing Corporation says the rate of growth has actually slowed compared with recent years.

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