Issue 17-103: Housing Starts
September 11, 2017
Urban housing starts (areas with population of at least 10,000) in British Columbia saw a broad based decline (-21.3%) in August compared to the previous month. All subcomponents registered drops, ranging from -1.6% for semi-detached homes to -30.8% for apartments.
On the other hand, urban housing starts across the country increased modestly by 0.8% (seasonally adjusted at annual rates) in August. The rise was concentrated on row-home (+6.2%) and apartment (+4.7%) starts, which more than offset the decline in starts of single detached (-3.2%) and semi-detached (-21.7%) homes.
Despite the national increase in August, urban starts were down in many parts of the country, with New Brunswick (-36.5), Prince Edward Island (-34.7%) and Newfoundland and Labrador (-33.0%) registering the largest drops. Manitoba (+60.2%) and Saskatchewan (+36.1%) saw the largest increases in urban housing starts among provinces in August. Ontario (+20.7%) and Quebec (+1.4%) also saw gains in the month.
Data Source: Canada Mortgage and Housing Corporation