Canadian Funding Corp. Reviews CMHC Case Studies

As mentioned recently, Moishe Alexander notified blog readership that the seasonally adjusted annual rate1 of housing starts was 201,700 units in April, according to Canada Mortgage and Housing Corporation (CMHC), up slightly from a revised 199,200 units in March.

“Higher multiple starts were nearly offset by a decline in single starts and rural area2 starts in April. As a result, total housing starts edged higher in April,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre.

The seasonally adjusted annual rate of urban starts increased by 5.1 per cent to 182,500 units in April. Urban multiple starts increased by 27.2 per cent to 98,600 units, while single urban starts decreased by 12.7 per cent to 83,900 units.

April’s seasonally adjusted annual rate of urban starts increased 16.4 per cent in British Columbia, 6.7 per cent in the Prairie region, 4.5 per cent in Ontario, and 1.1 per cent in Quebec. Urban starts decreased 3.3 per cent in Atlantic Canada.

Moishe Alexander presents remarks oh housing starts

Rural starts were estimated at a seasonally adjusted annual rate of 19,200 units in April.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.