While the level of new housing starts has risen across Canada as of August (based on the six-month moving average of the seasonally adjusted annual rate), Ontario saw a dismal development turnout. In Saskatchewan, there was a 50 per cent rise in housing starts in centres with over 10,000 residents. Upticks of 22 per cent, 21 per cent, 20 per cent and 19 per cent, respectively, across housing types. Of Canada's numbers overall, the CMHC writes that August came in "well below the six-month trend line," a pattern that "is consistent with both our forecast and current market intelligence indicating a slowdown in the pace of housing construction." "It is worth noting that current housing starts levels are generally reflective of decisions made when interest rates were receding and investor confidence was higher than it is today," the Crown corporation adds.