Issue 17-28: Housing Starts

February 9, 2017

Urban housing starts (areas with at least 10,000 population) across the country inched up 1.0% (seasonally adjusted at annual rates) in January, compared to December. Despite the national increase, urban starts were down notably in some parts of the country, with B.C. (-32.6 %) and Alberta (-30.4%) sharing the distinction of the largest drop-offs. Starts also slowed in Newfoundland and Labrador (-26.1%), Saskatchewan (-24.8%) and Quebec (-5.9%), but declines were offset by increases in Ontario (+25.1%) and other provinces.

Data Source: Canada Mortgage and Housing Corporation