Winnipeg Free Press - ONLINE EDITION

New-home construction pace slows in Winnipeg area

  • Print

The pace of new-home construction in the Winnipeg area slowed for the second straight month in November, Canada Mortgage and Housing Corporation said today.

The agency said 327 new single-detached and multi-family housing starts were recorded last month in the Winnipeg Census Metropolitan Area (CMA), which includes Winnipeg and 10 neighbouring municipalities.

That was a decline of 11 per cent from the 369 recorded in the same month last year, and came on the heels of a 36.1 per cent reduction in October.

The slowdown was evident in both segments of the market, with single starts down 10 per cent to 178 units, and multi-starts down 13 per cent to 149.

But despite the recent slowdown, total starts were still running 25 per cent ahead of last year’s pace after the first 11 months of 2012 — 3,896 units versus 3,120.

Nationally, CMHC said the pace of housing starts fell for a third straight month.

There were 17,646 actual starts last month, which translates to a seasonally adjusted annual rate of 196,125 units, down from 203,487 in October.

The decrease was mainly attributed to declines in single-detached and multi-unit housing construction in Ontario and British Columbia, the agency said.

— with files by Canadian Press

murray.mcneill@freepress.mb.ca

History

Updated on Monday, December 10, 2012 at 10:05 AM CST: fix

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Winnipeg Cheapskate: Travel getaway tips

View more like this

Photo Store Gallery

  • The sun peers through the fog to illuminate a tree covered in hoar frost near Headingley, Manitoba Thursday- Standup photo- February 02, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • MIKE DEAL / WINNIPEG FREE PRESS 060711 Chris Pedersen breeds Monarch butterflies in his back yard in East Selkirk watching as it transforms from the Larva or caterpillar through the Chrysalis stage to an adult Monarch. Here an adult Monarch within an hour of it emerging from the Chrysalis which can be seen underneath it.

View More Gallery Photos

Poll

Should the federal government force band chiefs and councillors to disclose their salary information?

View Results

View Related Story

Ads by Google