October housing starts down in Saskatoon

Housing starts in the Saskatoon census metropolitan area (CMA) were down in October, according to preliminary numbers from the Canada Mortgage and Housing Corporation (CMHC). The recent report shows construction started on around 120 units less compared to last year.

Construction on 146 units began in October 2015 compared to 268 units in October 2014. Broken down, 83 multi-family units and 63 single-detached homes were started last month.

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READ MORE: Saskatoon home sales sluggish in September

So far this year, there have been 1,801 total starts in the Saskatoon CMA compared to 2,939 at the same time in 2014.

Saskatchewan’s total urban starts were at 3,489 by the end of October, down from 6,214 in 2014.

CMHC’s preliminary housing starts for Canada last month were at 15,898.