{"id":22512,"date":"2023-09-05T11:11:00","date_gmt":"2023-09-05T18:11:00","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=22512"},"modified":"2023-08-16T09:17:10","modified_gmt":"2023-08-16T16:17:10","slug":"housing-starts-fell-10-nationwide-compared-with-23-in-metro-vancouver","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2023\/09\/housing-starts-fell-10-nationwide-compared-with-23-in-metro-vancouver\/","title":{"rendered":"Housing Starts Fell 10% Nationwide Compared with 23% in Metro Vancouver"},"content":{"rendered":"<p style=\"text-align: justify;\">Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10% compared with June when they posted their strongest showing so far this year.<\/p>\n<p style=\"text-align: justify;\">The national housing agency says the seasonally adjusted annual rate of housing starts in July came in at 254,966 units compared with 283,498 in June.<\/p>\n<p style=\"text-align: justify;\">The annual pace of urban starts was down 11% in July at 234,857, while the rate of multi-unit urban starts fell 12% to 193,446 and the pace of single-detached urban starts dropped 4% to 41,411.<\/p>\n<p style=\"text-align: justify;\">CMHC says the annual pace of starts in July in Vancouver fell 23%, while Toronto dropped 29%. Meanwhile, Montreal rose 12%, Calgary gained 33% and Edmonton added 6%.<\/p>\n<p style=\"text-align: justify;\">The annual rate of rural starts was estimated at 20,109 for July.<\/p>\n<p style=\"text-align: justify;\">The six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 242,525 in July, up from 235,819 in June.<\/p>\n<p><a href=\"https:\/\/biv.com\/article\/2023\/08\/metro-vancouvers-annual-pace-housing-starts-fell-23-july-cmhc\" target=\"_blank\" rel=\"noopener\">CMHC : Metro Vancouver&#8217;s Annual Pace of Housing Starts Fell 23% in July<\/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 July fell 10% compared with June when they posted their strongest showing so far this year. The &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2023\/09\/housing-starts-fell-10-nationwide-compared-with-23-in-metro-vancouver\/\">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-22512","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>Housing Starts Fell 10% Nationwide Compared with 23% in Metro Vancouver &#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\/09\/housing-starts-fell-10-nationwide-compared-with-23-in-metro-vancouver\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Housing Starts Fell 10% Nationwide Compared with 23% in Metro Vancouver &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10% compared with June when they posted their strongest showing so far this year. 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