CMHC says annual pace of housing starts fell in December, down 22% from November

OTTAWA - Canada Mortgage and Housing Corp. says the annual tempo of housing begins in December fell 22 per cent when put next with November.

The nationwide housing company says the seasonally adjusted annual charge of housing begins was 236,106 models for the ultimate month of the 12 months, down from 303,813 in November.

The drop got here because the annual charge of city begins fell 24 per cent in December to 212,918.

The annual charge of city begins of flats, condos and different varieties of multiple-unit housing tasks dropped 29 per cent to 157,687, whereas the tempo of city begins of single-detached houses fell 4 per cent 55,231.

CMHC estimated rural begins at a seasonally adjusted annual charge of 23,188 models.

The six-month transferring common of the month-to-month seasonally adjusted annual charges of housing begins was 260,567 in December, down from 267,606 in November.

This report by The Canadian Press was first printed Jan. 18, 2022.