OTTAWA, ON — Canada's housing start rate dipped below 200,000 for the first time in more than a year in December, according to the Canada Mortgage and Housing Corporation (CMHC).

CMHC said housing starts stood at a seasonally adjusted average rate of 197,976 in December, down 1.7% from 201,376 in November.

CMHC also noted, however, that the six-month trend moving average indicated that Canada housing starts reached 212,282 units for the year. Actual housing start information for 2012 is scheduled to be released by CMHC next month.

“As expected, housing starts remained below their recent trend in Canada," said Mathieu Laberge, deputy chief economist of CMHC. "The decrease recorded in December was due to a decline in rural starts, while urban starts remained stable. Housing starts were below their trends in all regions except Ontario.”

Canada Housing Starts Trending Above 212,000 Units in 2012

 

Preliminary Housing Start Data
December 2011 – 2012
Canada December 2011 December 2012
Actual, all areas 16,538 16,352
Actual, rural areas 1,596 1,667
Actual, urban centres1

December Single-detached 5,506 5,280
December Multiples 9,436 9,405
December Total 14,942 14,685
January to December — Single-detached 67,093 67,172
January to December — Multiples 107,258 126,395
January to December — Total 174,351 193,567

November 2012 December 2012
SAAR2, all areas 201,376 197,976
SAAR, rural areas 22,298 19,106
SAAR, urban centres1

Single-detached 62,086 67,419
Multiples 116,992 111,451
Total 179,078 178,870
Atlantic region, urban centres 7,854 7,731
Quebec, urban centres 41,063 36,210
Ontario, urban centres 56,526 75,430
Prairie region, urban centres 51,592 39,272
British Columbia, urban centres 22,043 20,227

Source: CMHC
1 Urban centres with a population of 10,000 and over.
2 Seasonally Adjusted at Annual Rates
Detailed data available upon request.

 

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