LATEST VIDEOS FROM CTV REGINA
Housing starts up 30 per cent in Saskatchewan: CMHC
Published Tuesday, October 11, 2016 12:09PM CST
The latest statistics show housing starts are up 30 per cent in Saskatchewan.
Builders in the province broke ground on 372 homes in September, up from 286 a year earlier, Canada Mortgage and Housing Corp. said Tuesday.
Saskatchewan’s single-detached home starts increased 40 per cent to 206, while construction of multi-family units climbed 19 per cent to 166. The seasonally adjusted annual rate of starts was 4,000, up from 3,069 during the same month last year.
In Regina, housing starts rose 47 per cent year-over-year to 125. The number of single-detached home starts in the city increased 28 per cent to 55, and multi-family starts rose 67 per cent to 70. On a seasonally adjusted annual basis, home starts in the Queen City climbed to 1,434 from 947 in September 2015.
Meanwhile, Saskatoon’s housing starts increased 24 per cent to 208. Single-detached starts were up 52 per cent at 128, but construction of multi-family units declined five per cent to 80. The seasonally adjusted annual rate of starts in Saskatoon was 2,224, up from 1,817 a year earlier.
Nationally, housing starts dipped three per cent on a year-over-year basis to 18,531, while the seasonally adjusted annual rate of starts was 220,617, down from 233,262 in September 2015.