Hey there, time traveller!
This article was published 10/7/2012 (3228 days ago), so information in it may no longer be current.
WINNIPEG — Local builders tapped on the brakes in June, slowing the pace of new home construction in Winnipeg and surrounding communities.
New housing-start figures released today show there were only 230 new single- and multi-family housing units started last month in the Winnipeg Census Metropolitan Area. That’s a decline of 6.1 per cent from the 245 started in June of last year.
The drop-off was all on the singles side of the market, where the number of new starts plunged by 37 per cent to 129 units from 205 a year earlier. That offset a big jump in the number of multi-family starts — 101 units versus 40.
"Despite this month’s reduction, new home construction remains on pace to finish the year above 2011 levels," said Dianne Himbeault, CMHC’s senior market analyst for Manitoba. "Overall housing starts continue to be supported by Winnipeg’s growing population."
Nationally, the pace of housing starts picked up in June, with 20,327 actual starts versus 18,494 in June 2011. Adjusted to remove monthly variations, the seasonally adjusted annual rate of new construction was 222,700 units versus 217,400 in May.