OTTAWA, ON — Improved markets for multi-family housing in Quebec and Ontario helped housing starts in Canada climb 13.7% to 180,719 units on a seasonally adjusted annual rate in February, according to Canada Mortgage and Housing Corporation (CMHC). 

Canadian Housing Starts Rebound in FebruaryBig increases, especially in urban housing, were reported in Ontario, +46.8%; and Quebec, +34.9%.  British Columbia gained 2.1% and the Prairies gained 1.5% while urban starts declined 31.7% in Atlantic Canada.

“The trend in total housing starts continued to moderate in February," said Mathieu Laberge, deputy chief economist for CMHC. "Moderation in economic fundamentals in the second half of 2012 has led to more modest housing demand and builders are adjusting accordingly."

Preliminary Housing Start Data
February 2013
Canada February 2012 February 2013
Actual, all areas 12,247 10,965
Actual, rural areas 638 663
Actual, urban centres1

February — Single-Detached 3,628 3,352
February — Multiples 7,981 6,950
February — Total 11,609 10,302
January to February — Single-Detached 7,335 6,634
January to February — Multiples 16,582 12,824
January to February — Total 23,917 19,458

January 2013 February 2013
SAAR2, all areas 158,998 180,719
SAAR, rural areas 22,443 19,088
SAAR, urban centres1

Single-detached 59,035 62,609
Multiples 77,520 99,022
Total 136,555 161,631
Atlantic, urban centres1 12,181 8,320
Quebec, urban centres1 24,442 32,980
Ontario, urban centres1 41,430 60,808
Prairies, urban centres1 36,891 37,462
British Columbia, urban centres1 21,611 22,061

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

 

 

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