New home construction takes place in a development in Oakville, Ont., on Thursday, August 15, 2019. Canada Mortgage and Housing Corp. says that the pace of housing construction starts increased marginally overall last month compared with October, although there were declines in five provinces. THE CANADIAN PRESS/Nathan Denette

CMHC reports annual pace of housing starts in Canada fell 20 per cent in September

Economists had expected an annual rate of 240,000 starts in September

Canada Mortgage and Housing Corp. says the annual pace of housing starts in September plunged 20 per cent from August.

The housing agency says the seasonally adjusted annual rate of housing starts was 208,980 units in September, down from 261,547 units in August.

Economists had expected an annual rate of 240,000 starts in September, according to financial markets data firm Refinitiv.

The decrease came as the annual pace of urban starts fell 21.1 per cent in September to 195,909. The pace of urban starts of apartments, condos and other types of multiple-unit housing projects decreased 27 per cent to 146,005 units, while single-detached urban starts increased 3.4 per cent to 49,904.

Rural starts were estimated at a seasonally adjusted annual rate of 13,071 units.

The six-month moving average of the monthly seasonally adjusted annual rates of housing starts rose slightly to 214,647 in September, up from 212,609 in August.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Real estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

District Forest Service buildings in Birch Island, 1960’s. (Upper North Thompson Reflections photo)
A look at the BC Forestry Service

The following is an excerpt from Upper North Thompson Reflections By M.E.… Continue reading

Barriere Secondary School grade 12 students Angela Rutschke, Micheal Reierson, Morgan Bennett, Benton Kibble, and Cassidy Sager were onsite in Louis Creek last week stacking firewood as they fundraise for their Grad 2021 celebrations. (Photo submitted by 2021 Grad)
Barriere Grad Class stacking on the fundraising for 2021

The Barriere Secondary School grade 12 class has been hard atwork recently… Continue reading

Munro’s Clothing and Accessories is a great place for Barriere and area residents to find all the latest in ladies fashions. Trista Stamer was spotted checking out the merchandise at this local small business last Tuesday. (Jill Hayward photo)
Small business owners must have ingenuity, courage, and dedication

Barriere has almost 100 small businesses servicing the area

Barriere Country Feeds is a long time small business in the community, and has been owned by the Petersen family since 1996. Pictured are employees Brenda Jones and Mike Hlewka. (Jill Hayward photo)
Canadian entrepreneurs forging the way forward

BDC Small Business Week ttakes place from Oct. 18 - 24

District of Barriere Utilities Manager reports to council on Barriere wells

District of Barriere Utilities Manager Ian Crosson presented a verbal report during… Continue reading

In this photo provided by Shannon Kiss, smoke from the CalWood Fire billows, Sunday, Oct. 18, 2020, as seen from Gunbarrel, Colo. (Shannon Kiss via AP)
‘First guys out:’ Western Canadian air tanker fleet busy despite drop in wildfires

CEO believes wildfires have become more dangerous in recent years as people live closer to where they start

Fort St. John councillor Trevor Bolin (B.C. Conservative Party)
BC Conservatives leader fights back after BC Liberals leak 2018 workplace harassment case

Sexual harassment case was connected to employee being terminated, WorkSafeBC found

Employee Sophia Lovink shows off a bag of merchandise in Toronto on Thursday, June 11, 2020. (THE CANADIAN PRESS/Nathan Denette)
Canada gets C-average grade on 2nd year of cannabis legalization

Cannabis Council of Canada releases report card on federal government and legalization

(Black Press Media files)
B.C. suburbs could see increased demand for rental units as people work from home

Vancouver’s average monthly rent is the highest out of 35 cities across Canada

The BC Ferries vessel the Queen of Oak Bay. (News Bulletin file photo)
‘Buy a boat,’ Horgan advises anti-maskers on BC Ferries

NDP leader John Horgan talks COVID-19 misinformation

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Canadian and American flags fly near the Ambassador Bridge at the Canada-USA border crossing in Windsor, Ont. on Saturday, March 21, 2020. Restrictions on non-essential travel between Canada and the United States are being extended until at least Nov. 21. THE CANADIAN PRESS/Rob Gurdebeke
Non-essential travel restrictions at Canada-U.S. border extended to at least Nov. 21

The restrictions do not apply to those providing essential services in either country

Jordan Naterer, 25, was last seen Saturday Oct. 10. He planned a hike in the Manning Park area, and has not been seen since. Photo Facebook.
Family devastated as search for missing Manning Park hiker suspended

‘It was an extremely difficult meeting with the parents when we had to tell them.’

FILE - Nathan Cullen speaks to media in Smithers, B.C., Friday, February 28, 2020. THE CANADIAN PRESS/Jonathan Hayward
Horgan, Cullen apologize for NDP candidate’s comments about Haida candidate

Nathan Cullen had made insensitive comments about Roy Jones Jr. Cheexial

Most Read