CMHC reports annual pace of housing starts slowed in December to 216,980

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in December.

The national housing agency says the seasonally adjusted annual rate for the last month of 2017 came in at 216,980 units, down from 251,675 units in November.

The decline came as the annual pace of urban starts fell 15.1 per cent in December to 198,132 units.

The pace of multi-unit urban starts slowed 22 per cent to 135,176, while the rate of single-detached urban starts increased by 4.7 per cent to 62,956 units.

Rural starts were estimated at a seasonally adjusted annual rate of 18,848 units.

The six-month moving average for December was 226,777 compared with 226,178 in November.

Just Posted

Canyon Ski Resort season wraps up Sunday

Central Alberta skiers and snowboarders only have a couple more days to… Continue reading

Future space crunch is feared, as no new schools for Red Deer are in the budget

Only local modernization will be at Father Lacombe Catholic School in Lacombe

A million dollars for Red Deer hospital is not nearly enough, says Mayor Veer

Mayor is concerned Red Deer hospital is still not on province’s five-year capital list

No drug treatment centre, or additional shelter beds for Red Deer

But Red Deer will get more affordable housing and sustained capital funding

Hit and run adjourned to April

Crash into Papa Baldy’s Pizza

WATCH: Hundreds come to Red Deer Rebels Fan Fest

The Red Deer Rebels met with legions of their of fans just… Continue reading

Supreme Court rules former Stephen Harper aide guilty of influence peddling

OTTAWA — Canada’s highest court has upheld an influence peddling conviction against… Continue reading

2 killed, dozen hurt in French supermarket hostage-taking

PARIS — An armed man took hostages in a supermarket in southern… Continue reading

READER PHOTO: Red Deer students celebrate Canadian courage at Juno Beach

Teenagers from Red Deer’s Lindsay Thurber Comprehensive High School are learning about… Continue reading

UN report: Loss of plants, animals making a lonelier planet

WASHINGTON — New United Nations scientific reports diagnose that Earth is getting… Continue reading

Excavator frees dolphins trapped by pack ice in Newfoundland harbour

HEARTS DELIGHT, N.L. — A pod of dolphins trapped by pack ice… Continue reading

Structure fire destroys home in Mirror

A house in Mirror is completely damaged due to an overnight structure… Continue reading

Trudeau warns senators not to thwart will of Canadians on marijuana bill

OTTAWA — Prime Minister Justin Trudeau is reminding senators that his government… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month