Canadian Housing Starts Jump 7.9% in DecemberOTTAWA, ON — Canadian housing starts climbed 7.9% in December, reaching 200,200 units vs. 185,600 units in November, according to the Canada Mortgage and Housing Corporation (CMHC).

 

“The increase posted in December was mainly attributable to the multiple urban starts, particularly in Ontario and in Atlantic Canada,” said Mathieu Laberge, deputy chief economist at CMHC’s Market Analysis Centre.

Multiple urban starts led the way in Canada, increasing 14.5% to 111,300 units in December. Single-family urban starts rose 3.8% to 70,600 units

Urban starts in Atlantic Canada soared 52.9%, followed by 35.5% in Ontario and 9.0% in Quebec. These gains were somewhat offset by declines in British Columbia and the Prairies of 19.8% and 11.0% respectively.

Final housing construction data for 2011 is scheduled to be released next month.

 

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