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Multi-unit housing starts up in some parts of Canada in April despite COVID-19

Multi-unit housing starts up in some parts of Canada in April despite COVID-19

OTTAWA — Canada Mortgage and Housing Corp. (CMHC) says construction of multi-unit housing projects remained strong in some provinces last month despite the fight against the COVID-19 pandemic.

CMHC estimates a 10.8 per cent month-over-month increase in its national seasonally adjusted annual rate last month compared with March, excluding Quebec.

The federal agency says there was growth in multi-family starts in Ontario, Saskatchewan and Manitoba in April but Quebec was left out of the monthly national tally because the province’s COVID-19 containment measures were in place until April 20.

The April seasonally adjusted annualized rate, excluding Quebec, was 166,415 units, up from 150,224 units in March.

Excluding Quebec, multiple dwelling starts in urban areas of Canada were up 35.7 per cent from March, while urban single-family starts fell 27.1 per cent. Rural starts were estimated at 7,285 units.

Ontario accounted for the largest number of starts at 93,628, up 42 per cent. British Columbia had the second largest seasonally adjusted rate, at 27,767, down 10 per cent from March. Alberta’s starts were down 28 per cent from March, at a seasonally adjusted rate of 23,262 units.

 

© 2020 The Canadian Press

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