Canada Mortgage and Housing Corp. says housing starts increased to a seasonally adjusted annual pace of 198,185 in June, compared with 196,993 in May.
CMHC says the trend in housing starts has been stable since March and adds the new home construction market in Canada is headed for a soft landing this year.
The federal agency also says the overall increase came as the pace of urban starts increased to 181,979 units in June, compared with 181,359 in May.
The slight increase came as the pace of multiple urban starts ticked higher to 118,815, compared with 118,750 in May. The rate of detached homes increased to 63,164 last month from 62,609.
Rural starts were estimated at a seasonally adjusted annual rate of 16,206 compared with 15,634 in May.
The CMHC report comes as real estate company Royal LePage says big cities Toronto, Vancouver and Calgary are driving increases in national average home prices, while smaller cities had more moderate gains.
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