September witnessed a 4.5% drop in Canada's annual housing starts rate

Posted on October 22, 2021   |  

• In September, the annual rate of urban starts decreased by 4.5% to 223,055 units.
• The annual rate of urban starts for apartments, condos and other types of multiple-unit housing projects dropped 4% to 165,861.
• The single-detached housing starts rates fell by 5.9% to 57,194 units
• In September, the monthly seasonally adjusted annual rate of housing starts fell to 271,068 from August 284,757