Canada Mortgage and Housing Corp.
Builders started work on 930 new dwellings last month, a drop of more than 20 per cent from the 1,196 starts recorded in October 2019.
New home starts were virtually unchanged in September compared with a year earlier at just over 1,500, housing agency says.
Builders in Ottawa began work on 1,619 new homes last month, a whopping 167 per cent increase over a year earlier, while new starts in Gatineau also rose.
Continuing a recent trend, most of the year-over-year increase was driven by construction on the Ottawa side of the river, where overall starts jumped 24 per cent to 740.
Single-detached starts last month matched June 2019's tally, while the number of multi-unit builds inched up from a year ago.
Housing starts in Ottawa held steady in May compared with a year earlier, but there was a steep drop in new builds on the Gatineau side of the river.
Builders in Ottawa continued to start new homes at a brisk pace in March while starts on the Gatineau side of the River fell significantly compared with a year earlier, CMHC says.
Bucking the national trend, housing starts in Ottawa-Gatineau surged last month compared with a year earlier, the Canada Mortgage and Housing Corp. reported Monday.
Developers in Ottawa-Gatineau continued to rev up housing starts in January in an effort to respond to unrelenting demand for new inventory
Ottawa-Gatineau’s apartment-building bonanza continued to drive the local housing construction market in December, with the number of multi-unit starts nearly doubling year-over-year