Issue 16-192: Housing Starts
October 11, 2016
Housing starts in the province’s urban areas (at least 10,000 population) showed continued volatility in September, surging 39.0% (seasonally adjusted at annual rates), following a 9.8% dip in August.
Nationally, urban starts were up 19.7% as gains in new home building activity were recorded in most regions, including particularly hefty boosts in Alberta (+51.0%), Quebec (+33.3%) and parts of Atlantic Canada. Overall increases were moderated by a 4.0% drop in Ontario.
Data Source: Canada Mortgage and Housing Corporation