AI news brief
Annual pace of housing starts slowed 5% in July, CMHC says
Globe and Mail - Business - 2026-08-18
AI Summary
Canada Mortgage and Housing Corp. reported that the annual pace of housing starts slowed by 5% in July compared to June, reaching a seasonally adjusted annual rate of 229,074 units. Actual housing starts in urban centres with populations over 10,000 decreased by 19% year-over-year in July. Despite the slowdown in new starts, the number of completed construction units rose 8.1% from June.
Key takeaways
- National housing starts pace fell 5% in July.
- Urban housing starts down 19% year-over-year.
- Completed construction units increased 8.1% in July.
What this could mean for homebuyers
Mortgage news can affect fixed rates, variable-rate expectations, affordability, and buyer timing. Use this article as context, then compare today's rates or ask the AI Mortgage Advisor how it applies to your situation.