Main Menu
In the News
Special Contributors
Special Report - Bedding
Events Calendar
Contact HGO
2015 Product Guide
Merchandiser Spring 2015
Merchandiser Winter 2015
Research Store

Canada Counts
A survey of Canadian buying intentions.
Purchase Report


Housing starts fall in July PDF Print E-mail
Written by HGO Staff   

OTTAWA (09 August 2012) - Housing starts fell to a seasonally adjusted and annualized rate of 208,500 units in July from 222,100 units in June, according to the Canada Mortgage & Housing Corporation (CMHC).  Decreases were noted in both single and multiple unit starts.

CMHC also noted starts were trending at 219,600 in July. The trend is a moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

"For the first time in seven months, the July monthly SAAR estimate was below the trend estimate. The bulk of the July decrease was in the multiples segment in British Columbia," CMHC deputy chief economist Mathieu Laberge said in a statement.

He explained that for some markets, CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite volatile from one month to the next.

Chart courtesy of Canada Mortgage & Housing Corporation.

The seasonally adjusted annual rate of urban starts decreased by 6.4% to 187,300 units in July. Urban single starts decreased by 4.0% in July to 64,300 units, while multiple urban starts decreased by 7.6% to 123,000 units.

Actual starts for the month of July totaled 19,252 units, down slightly from the 19,423 units started in the same month last year. Single unit starts fell from 6,888 units to 6,315 although multiple unit starts climbed slightly from 10,342 units in July 2011 to 10,561 units.

July's seasonally adjusted annual rate of urban starts increased by 2.0% in Ontario and by 3.0% in Québec. Urban starts decreased by 29.2% in British Columbia, 18.4% in Atlantic Canada and by 8.8% in the Prairies.

Rural starts were estimated at a seasonally adjusted annual rate of 21,200 units in July.


<Previous   Next>



Please, update your HGO profile

BRIGHTON, Ontario – To improve the efficiency of our newsletter delivery service and to bring ourselves in alignment with current Canadian legislation, we need our loyal readers to update their profiles.

If you’re in big ticket home goods, you can’t be without Home Goods Online – the only business-to-business news and information service for those working in Canada’s furniture, mattress, major appliance and consumer electronics industries.

Update Your Profile Now
Picture of the Day
CNW Salvation donation (PD30Jul15)

Some 120 people from across the industry took part in the recent annual golf tournament hosted by Cantrex Nationwide at the Copper Creek Golf Course in Kleinberg, Ontario, just north of Toronto. As has become its usual practise the event benefits a local charity, in this case the Salvation Army. At right, Jeannine Ghaleb, CNW’s president and COO is seen presenting a cheque for $10,000 to the army’s Captain Rick Zelinsky.



Donald Cooper
My Turn!
HGO Merchandiser
Upcoming Events
There are no upcoming events within the search range currently scheduled.
View Full Calendar