Ontario Home Starts Remain Stable in July
"The trend in Ontario residential construction activity peaked in the second quarter"
By News on the Net —— Bio and Archives--August 9, 2012
Canadian News, Opinion | Comments | Back To Full Article
TORONTO, ONTARIO-- - Ontario urban(i) housing starts were trending at 77,600 units in July according to the Canada Mortgage and Housing Corporation (CMHC). The trend is a moving average of the monthly seasonally adjusted annual rates (SAAR) (ii) of housing starts. The standalone monthly SAAR was 72,400 units in July, up slightly from 71,000 SAAR units in June. While single detached construction edged lower, multi family home construction remained elevated in July.
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