Issue 17-123 Housing Starts

October 10, 2017

Housing starts in urban areas (areas with population of at least 10,000) in British Columbia increased 6.3% in September compared to August. The increase was broad-based as all subcomponents saw increases in the month, with the exception of row homes which saw a decline of 30.6%.

Across census metropolitan areas, declines were observed in Kelowna and Vancouver, while Victoria and Abbotsford-Mission saw increases in urban housing starts.

Nationally, urban housing starts fell by 5.1% (seasonally adjusted at annual rates) in September. The decline was concentrated in apartments (-15.7%) and row-homes (-8.2%), while single-detached home (+8.2%) and semi-detached home (+31.7%) starts saw increases in the month.

Saskatchewan saw urban housing starts decrease by almost half, the largest decline among provinces. Newfoundland and Labrador (-26.1%), Ontario (-19.1%) and Manitoba (-16.0%) also registered declines in September. The Atlantic Provinces with the exception of Newfoundland and Labrador saw the largest increases in urban housing starts among provinces. Alberta (+13.2%) and Quebec (+5.0%) housing starts also increased in September.

Data Source: Canada Mortgage and Housing Corporation