"New home construction activity in Halifax was supported by an increase in single-detached starts last month," said Tim Andrews, market analyst with CMHC's Atlantic Business Centre. "Singles starts increased for the fourth consecutive month, climbing ten per cent in July to 107 units," added Andrews. "Multiple starts at 43 units, were substantially lower in July 2012 compared to the 281 units recorded a year ago."
In urban centres across Canada, total housing starts recorded in July were down two per cent to 16,876 units compared to 17,230 a year ago. Single-detached starts decreased eight per cent to 6,315 units, while multiple starts increased two per cent to 10,561 units in July. In the Atlantic region, 890 new units were started compared to 1,409 during July 2011.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.