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Annual pace of housing starts in Sask. slows slightly in June: CMHC
Published Tuesday, July 11, 2017 2:10PM CST
The annual pace of housing starts slowed slightly in Saskatchewan last month, Canada Mortgage and Housing Corp. said Tuesday.
The seasonally adjusted annual rate of housing starts in Saskatchewan totalled 4,325 units in June, down one per cent from the previous month.
The annual rate of single-detached home starts in the province remained virtually flat, decreasing by five units to 1,805. Meanwhile, multi-unit home starts fell two per cent to 2,520.
In Regina, the annual rate of housing starts declined 33 per cent to 1,995. Single-detached starts fell 15 per cent to 591, while multi-unit starts dropped 38 per cent to 1,404.
The annual rate of housing starts in Saskatoon climbed 80 per cent to 2,027. Single-detached starts increased 10 per cent to 1,079, while multi-unit starts shot up 89 per cent to 948.
Nationally, the annual rate of housing starts rose nine per cent to 212,695. There were 80,080 single-detached starts across the country in June, up from 73,408 during the previous month. The number of multi-unit starts totalled 132,617, up from 121,546 in May.