Issue 18-121 Housing Starts

July 10, 2018

Housing starts in urban areas (areas with population of at least 10,000) in British Columbia fell by 15.5% (seasonally adjusted at annual rates) in June compared to May, making B.C. one of the three provinces that registered decreases in the month. The decrease was due to declines in apartment (-26.0%) and semi-detached units (-8.5%), while single‑detached (+4.4%) and row units (+7.8%) saw gains in the month.

Across British Columbia’s census metropolitan areas (CMAs), Victoria (+85.4%) was the only one in which housing starts advanced in June. Vancouver saw the biggest decline at 36.0% for the month, the fourth largest percentage decrease among all CMAs.

Urban housing starts across Canada went up (+29.9%) in June, with increases in seven provinces. The national rise was led by a 62.0% rise in apartment starts. The gain was led by Ontario (+92.6%), where starts for the month nearly doubled. Notable increases were observed in all Atlantic Provinces and Quebec, while declines were concentrated in Western Canada.

Data Source: Canada Mortgage and Housing Corporation