Issue 18-29: Housing Starts
February 8, 2018
Housing starts in urban areas (areas with population of at least 10,000) in British Columbia fell by 16.0% (seasonally adjusted at annual rates) in January compared to December. The decrease was mainly due to falling apartment starts (‑26.0%), while row units (+7.2%) and single-detached (+0.5%) starts saw increases in the month.
Across British Columbia’s census metropolitan areas, Abbotsford-Mission (+41.5%) was the only one in which housing starts grew in January. Kelowna saw the biggest decrease at 54.1% for the month.
Despite falling in seven of the provinces, urban housing starts across Canada edged up slightly (+0.2%) in January. All subcomponents with the exception of row units (‑14.2%) increased in the month.
Saskatchewan saw the largest increase in urban housing starts among provinces (+36.3%) in January, followed by Ontario (+33.9%). Meanwhile, Prince Edward Island (‑62.8%) registered the largest housing starts decline in January.
Data Source: Canada Mortgage and Housing Corporation