Housing starts in Canada increased by 7.8% month-over-month to 240,761 units in October 2024, the highest level in three months, though still below market expectations of 242,500 units, according to the Canada Mortgage and Housing Corporation. The seasonally adjusted annual rate (SAAR) of total urban housing starts rose by 6% to 223,111 units, with multi-unit urban starts increasing by 7% to 175,705 units, and single-detached urban starts up by 1% to 47,406 units. The SAAR estimate for rural starts was 17,650 units. Year-to-date housing starts from January to October 2024 are up 12% in Montréal compared to 2023, showing recovery from historically low levels in 2023. In Vancouver, starts are down 18% from 2023, a record high year, while in Toronto, they are down 21% from the same high year for housing starts. source: Canada Mortgage And Housing Corporation
Housing Starts in Canada increased to 240.80 Thousand units in October from 223.40 Thousand units in September of 2024. Housing Starts in Canada averaged 192.45 Thousand units from 1977 until 2024, reaching an all time high of 321.28 Thousand units in March of 2021 and a record low of 90.70 Thousand units in August of 1982. This page provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Housing Starts - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.
Housing Starts in Canada increased to 240.80 Thousand units in October from 223.40 Thousand units in September of 2024. Housing Starts in Canada is expected to be 220.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Housing Starts is projected to trend around 210.00 Thousand units in 2025 and 200.00 Thousand units in 2026, according to our econometric models.