According to the Canadian mortgage and housing Corporation (CMHC), in September 2017, the trend measure of the number of housing starts amounted to 214 821 units compared to 220 573 units in August 2017. This trend measure is a six-month moving average of monthly seasonally adjusted annual rates (SAAR) number of bookmarks of new foundations.
“The trend measure of the number of housing starts in September were weaker than for eight consecutive months,” said Bob Dugan, chief economist at CMHC. “However, the construction of new housing remains very strong, as the seasonally adjusted number of housing starts exceeded 200,000 for four consecutive months”.
The standalone monthly SAAR number of bookmarks of new foundations for all areas of Canada amounted to 217 118 units in September, compared with 225 918 units in August. SAAR of urban starts in September decreased by 5.1 percent to 198 910 units. In September, the number of bookmarks new foundations fell by 10.7 percent to 131 388 units. Bookmark detached urban starts increased by 8.2 percent to 67 522 units.
Rural bookmarks of new foundations was estimated with seasonally adjusted 18 208 units.
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