About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, May 19, 2021

CMHC reports housing starts trend moderating

The national trend in housing starts remained historically elevated last month despite a slight decline from the record high set in March, according to the latest data from the Canada Mortgage and Housing Corporation.

As of the end of April, the housing starts trend was 279,055 units. The standalone monthly seasonally adjusted annual rate (SAAR) of housing starts for all areas in Canada was 268,631 units, down by 19.8% from the 334,759 units in March and falling short of experts’ forecasts for the month (around 280,000 units).

Both British Columbia and Ontario saw considerable declines, with BC seeing its SAAR drop by 47% in the March-April interval (down to 35,736 units) and Ontario having a 15% decline (down to 102,068 units).

“In April, multi-family SAAR starts declined or moderated in most CMAs that had seen strong growth in this segment the previous month, including Toronto and Vancouver,” said Bob Dugan, chief economist at CMHC. “Single-detached SAAR starts held steady following a modest increase in March. Nonetheless, the overall trend-level of activity remains elevated as a result of strong activity so far this year.”

Urban starts saw their SAAR fall by 16.9% in April to 251,504 units, while multiple urban starts decreased by 22.8% to 251,504 units and single-detached urban starts slightly ticked down by 0.1% to 78,918 units.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market. 

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome and rewarded!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)