Canadian housing starts continue upward trend
August 12, 2020 | 6:34 pm UTC
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OTTAWA, Ontario – Housing starts in Canada increased 2.3 percent in July compared to June, according to the Canada Mortgage and Housing Corporation (CMHC). The six-month moving average based on seasonally adjusted annual rates grew from 199,778 units in June to 204,376 units in July.

"The national trend in housing starts increased for a second month in July," said Bob Dugan, CMHC's chief economist. "Higher multi-family starts in major urban areas, including Toronto, Vancouver and oil-producing centres in the Prairies drove the national increase. Following declines in previous months from COVID-19 measures, higher activity in June and July leaves the trend in housing starts in line with the long-run average level of housing starts. We expect national starts to trend lower in the near term as a result of the negative impact of COVID-19 on economic and housing indicators."

The CMHC offers a detailed report on housing starts broken down on provincial and municipal levels.

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Rich Christianson is the owner of Richson Media LLC, a Chicago-based communications firm focused on the industrial woodworking sector. Rich is the former long-time editorial director and associate publisher of Woodworking Network. During his nearly 35-year career, Rich has toured more than 250 woodworking operations throughout North America, Europe and Asia and has written extensively on woodworking technology, design and supply trends. He has also directed and promoted dozens of woodworking trade shows, conferences and seminars including the Cabinets & Closets Conference & Expo and the Woodworking Machinery & Supply Conference & Expo, Canada’s largest woodworking show.