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Housing starts up after five month decline

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For the first time in six months, housing starts are up in Grande Prairie. Both single and multiple family starts increased in October, for a total of 26 new homes overall. That’s five more than a year ago.

The rise has helped the year-to-date total, but only by a bit. 2016’s new construction numbers are still nearly 40 per cent less than 2015’s.

Canada Mortgage and Housing Corporation says says the pace of housing starts slowed in most regions of the country from September to October. The trend is a six-month moving average of the monthly seasonally adjusted annual rates.

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