OTTAWA - Canadian housing starts, fueled by huge high-rise-living project in the Toronto area, climbed 8.1% to a seasonally adjusted average of 224,900 units in August, according to the Canada Mortgage and Housing Corporation (CMHC).
“The increase in housing starts in August was the result of a few, large, multi-unit projects in the Greater Toronto area," said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre. "This increase is primarily a reflection of the high level of pre-sales in some of these large multi-unit projects in late 2010 and early 2011, which is in line with job gains at that time."
Urban starts account for more than 90% of Canadian housing starts. Quebec was the only Canadian province to experience a drop in urban housing starts, falling by 9.8%. Urban housing start gains included 47.5% in Atlantic Canada, 20.4% in Ontario,18.2% in British Columbia and 1.3% in the Prairies..
|Canada, all areas||17,042||19,860||208,000||224,900|
|Canada, rural areas||2,104||2,135||21,200||19,000|
|Canada, urban centres**||14,938||17,725||186,800||205,900|
|Canada, singles, urban centres||6,359||6,015||64,200||64,300|
|Canada, multiples, urban centres||8,579||11,710||122,600||141,600|
|Atlantic region, urban centres||795||1,112||8,000||11,800|
|Quebec, urban centres||2,707||2,807||44,000||39,700|
|Ontario, urban centres||5,949||7,744||72,200||86,900|
|Prairie region, urban centres||3,430||3,582||38,400||38,900|
|British Columbia, urban centres||2,057||2,480||24,200||28,600|
*Seasonally adjusted annual rates.
**Urban centres with a population of 10,000 and over.
Detailed data available upon request.
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