Issue 18-83 Housing Starts
May 8, 2018
Housing starts in urban areas (areas with population of at least 10,000) in British Columbia fell by 16.7% (seasonally adjusted at annual rates) in April compared to March, the third largest decrease among provinces. The decrease was due to declines in apartment and row units, while single-detached and semi-detached units saw gains in the month.
Across British Columbia’s census metropolitan areas (CMAs), Kelowna (+112.7%) was the only one in which housing starts advanced in April. Abbotsford-Mission saw the biggest decline at 65.8% for the month, the fourth largest percentage decrease among all CMAs.
Urban housing starts across Canada went down (-4.7%) in April, with decreases in four provinces. The national decrease was widespread, with all housing types registering declines in the month. The decline was led by Newfoundland and Labrador (‑87.0%). Notable increases were observed in Prince Edward Island (+157.5%) and Nova Scotia (+30.0%).
Data Source: Canada Mortgage and Housing Corporation