Issue 16-210: Housing Starts

November 8, 2016

The number of urban housing starts (in areas with at least 10,000 population) in British Columbia dipped 44.9% (seasonally adjusted at annual rates) in October. The decline in total urban housing starts was due primarily to a sharp downturn in the number of new apartment housing projects (-67.6%). However, there were also decreases in the number of single-family detached (-5.4%), and semi-detached (-28.2%) starts.

Urban housing starts also slowed at the national level (-12.2%) in October. Along with B.C., starts plunged in P.E.I. (-66.9%), New Brunswick (-52.0%) and Quebec (-24.5%). Meanwhile, Ontario (+20.0%) and Newfoundland and Labrador (+9.2%) were the only provinces to see starts climb in October.

Data Source: Canada Mortgage and Housing Corporation