{"id":22152,"date":"2023-07-12T10:10:00","date_gmt":"2023-07-12T17:10:00","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=22152"},"modified":"2023-06-17T10:46:25","modified_gmt":"2023-06-17T17:46:25","slug":"national-housing-starts-fell-about-60k-units-between-april-may","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2023\/07\/national-housing-starts-fell-about-60k-units-between-april-may\/","title":{"rendered":"National Housing Starts Fell About 60K Units Between April &#038; May"},"content":{"rendered":"<p style=\"text-align: justify;\">Canada Mortgage and Housing Corp. says the annual pace of housing starts in May dropped 23% compared with April as starts of apartments, condos and other types of multi-unit housing projects in Vancouver, Toronto and Montreal fell.<\/p>\n<p style=\"text-align: justify;\">The national housing agency says the seasonally adjusted annual rate of housing starts was 202,494 units in May, down from 261,357 units in April.<\/p>\n<p style=\"text-align: justify;\">The drop came as the annual rate of urban starts dropped 24% to 182,842 for the month as the annual rate of multi-unit urban starts fell 30% to 139,890 units, offset in part by a 6% increase in single-detached urban starts to 42,952 units.<\/p>\n<p style=\"text-align: justify;\">CMHC says housing starts in Vancouver fell 45% in May, while Toronto dropped 28% and Montreal declined 35% as all three cities saw increases in single-detached starts offset by large decreases in multi-unit starts.<\/p>\n<p style=\"text-align: justify;\">The annual rate of rural starts for the month was estimated at 19,652 units.<\/p>\n<p style=\"text-align: justify;\">CMHC says the six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 230,205 units in May, down 4.2% from 240,318 units in April.<\/p>\n<p><a href=\"https:\/\/biv.com\/article\/2023\/06\/housing-starts-vancouver-fell-45-cent-may-cmhc\" target=\"_blank\" rel=\"noopener\">CMHC : Housing Starts in Vancouver Fell 45% in May<\/a> by The Canadian Press | BIV<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada Mortgage and Housing Corp. says the annual pace of housing starts in May dropped 23% compared with April as starts of apartments, condos and other types of multi-unit housing &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2023\/07\/national-housing-starts-fell-about-60k-units-between-april-may\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-22152","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>National Housing Starts Fell About 60K Units Between April &amp; May &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2023\/07\/national-housing-starts-fell-about-60k-units-between-april-may\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"National Housing Starts Fell About 60K Units Between April &amp; 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