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Housing starts has been slowing down in Calgary, AB, the last couple of months, while in Vancouver, BC, they have reached a 12-month high.The standalone monthly SAAR of housing starts for all areas in Canada was 222,771 units in October, up from 219,293 units in September.CMHC says despite a decrease in September, new home construction remains very strong in 2017.New Brunswick housing starts were up 28 per cent year to date, after four years of declining construction activity.This is a seven per cent increase compared to October of last year.This was the most active month of October in eight years.
Adjusted EBITDA was 7 million, up 12 per cent year over year.
The trend in housing starts was 216,770 units in October 2017, compared to 215,153 units in September 2017, says the Canada Mortgage and Housing Corporation (CMHC).
This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
Millwork sales increased four per cent to 0.4 million for the quarter and building products sales decreased one per cent to .9 million.
Wood product sales decreased 12 per cent to .4 million.