Issue 18-139 Housing Starts

August 9, 2018

Housing starts in urban areas (areas with population of at least 10,000) in British Columbia grew by 24.0% (seasonally adjusted at annual rates) in July compared to June, making B.C. one of the four provinces that registered gains in the month. Urban housing starts across Canada went down (-16.2%) in July, led by Ontario (-33.8%). Declines were observed in six provinces, with the largest percentage decrease in Prince Edward Island (-60.5%).

Across British Columbia’s census metropolitan areas (CMAs), Abbotsford-Mission (+219.9%) and Vancouver (+48.4%) saw housing starts activity increase in July, while Victoria (-18.3%) and Kelowna (-46.8%) registered fewer starts.

Data Source: Canada Mortgage and Housing Corporation