canadian housing starts

Canadian News

Canadian housing starts surge

OTTAWA, Ontario -- Housing starts in Canada reached 245,657 units in June, up 26 percent from 196,809 units in May, according to the Canada Mortgage and Housing Corporation (CMHC). The spike in seasonally adjusted annual rates (SAAR) of housing starts for all of Canada was led a 31 percent increase of multi-dwelling urban home starts to 185,804. Meanwhile, single-detached urban starts increased 8 percent to 48,434 units, CMHC reported.

Press Releases

Housing Starts Forecast to Remain Stable in 2014

Canada Mortgage and Housing Corporation (CMHC) expects total housing starts to be stable in 2014, as fundamentals, such as employment growth and migration, continue to support the Canadian housing market, according to CMHC’s fourth quarter 2013 Housing Market Outlook, Canada Edition.