AI news brief
Annual rate of housing starts down 6% in June, CMHC says
Globe and Mail - Business - 2026-07-16
AI Summary
Canada Mortgage and Housing Corp. reported a 6% decrease in the annual pace of housing starts in June compared to May, with the seasonally adjusted rate falling to 238,971 units. The number of units under construction saw a slight increase, while completions rose significantly, and the inventory of units with approved permits but not yet started declined. The six-month moving average of the seasonally adjusted annual rate also experienced a 2.8% drop.
Key takeaways
- June housing starts down 6% from May.
- Units under construction and completions increased.
- Approved but unstarted units decreased.
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.