Housing starts in Canada were trending at 222,900 units in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. The standalone monthly SAAR was 224,900 units in August, up from 208,000 in July.
The seasonally adjusted annual rate of urban starts increased by 10.2 percent to 205,900 units in August. Urban single starts remained relatively unchanged in August at 64,300 units, while multiple urban starts increased by 15.5 percent to 141,600 units.