The pace of new housing construction slowed in May according to Canada Mortgage and Housing Corp, (File photo by THE ASSOCIATED PRESS)

Pace of new housing construction slows in May, as multi-unit projects slide

OTTAWA — Canada Mortgage and Housing Corp. says the pace of new housing construction slowed in May, largely because of a 16.4 per cent decline in multi-unit projects in urban areas after several months of above-average activity.

The federal agency says the seasonally adjusted rate of housing starts for all of Canada was 195,613 units in May, down from 216,775 units in April.

May’s decline pushed down the six-month average to 216,362 units on a seasonally adjusted basis from a six-month average of 225,481 units in April.

The primary reason for the month-over-month decline was that fewer condos, townhomes and other multi-unit projects started up in some urban areas in May.

The seasonally adjusted rate of multiple urban starts fell 16.4 per cent to 119,811 units in May while single-detached urban starts increased by 2.0 per cent to 58,390 units.

Rural starts were estimated at a seasonally adjusted annual rate of 17,412 units.

Just Posted

Central Alberta born jaguar dies

Mia was the first jaguar in the world to receive stem cell treatment

Two men facing kidnapping charges in connection with abduction

48-year-old woman was allegedly abducted in Red Deer on Oct. 17

Prosecutor illness delays dangerous driving trial

Red Deer man facing dangerous driving charges in connection with 2016 d0uble-fatal collision

More say in Catholic education proposed

Voting for both public and Catholic trustees

WATCH: Make-A-Wish grants Star Wars loving teen’s wish

The Make-A-Wish Foundation granted Anakin Suerink’s wish in Red Deer Saturday afternoon

Local Sports: Rudy Soffo valuable to Kings on the court

When Rudy Soffo first saw the RDC basketball Kings roster he was… Continue reading

Except for 1 kick, Saints, Ravens are evenly matched

BALTIMORE — In a matchup between the league’s highest-scoring offence and top-ranked… Continue reading

Julia Louis-Dreyfus gets a top award for comedy

WASHINGTON — After a 35-year acting career and with two iconic television… Continue reading

Ricky Skaggs, Dottie West enter Country Music Hall of Fame

NASHVILLE — Bluegrass and country star Ricky Skaggs, singer Dottie West and… Continue reading

AP Exclusive: Stephen Hawking’s wheelchair, thesis for sale

LONDON — Stephen Hawking was a cosmic visionary, a figure of inspiration… Continue reading

Canada deemed U.S. a safe country for asylum seekers after internal review

OTTAWA — Canadian immigration officials have determined that the United States remains… Continue reading

Bombardier sues Mitsubishi over alleged theft of aircraft trade secrets

MONTREAL — Bombardier is suing Mitsubishi Aircraft in the United States over… Continue reading

Three strong earthquakes reported in Pacific Ocean off Vancouver Island

Three relatively strong earthquakes were recorded Sunday night in the Pacific Ocean… Continue reading

Most Read