September pace for housing starts up from August: CMHC reports [Video]

OTTAWA –

Canada Mortgage and Housing Corp. says the annual pace of housing starts in September was up five per cent compared with August.

The national housing agency says the seasonally adjusted annual rate of housing starts was 223,808 units in September, up from 213,012 in August.

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The increase came as the pace of starts in urban centres rose six per cent to 210,002 units in September compared with 199,035 in August.

Actual housing starts in Canada’s urban centres have risen two per cent in the first three quarters of the year, CMHC said. There are 168,897 homes which have begun construction from January to September of this year, up from 165,559 for the same period in 2023.

The national housing agency highlighted Montreal, where actual year-to-date housing starts are up 15 per cent from the same …