Search Icon
FXEMPIRE
icon
Advertisement
Advertisement

Search Indicator:

Choose Country
icon
Choose Indicator
icon

Canada Housing Starts

Last Release
Dec 31, 2024
Actual
231.47
Units In
Thousand units
Previous
267.14
Frequency
Monthly
Next Release
Feb 17, 2025
Time to Release
30 Days 15 Hours
Highest
Lowest
Average
Date Range
Source
333.28
Mar 2021
90.7
Aug 1982
192.78 Thousand units1977-2024Canada Mortgage And Housing Corporation
In Canada, a housing start is defined as the beginning of construction work on the building where the dwelling unit will be located. This can be described in 2 ways: usually, the stage when the concrete has been poured for the whole of the footing around the structure; or an equivalent stage where a basement will not be part of the structure.

Latest Updates

Housing starts in Canada plunged by 13.35% month-over-month to 231,500 units in December 2024, the lowest level in three months and below market expectations of 245,000 units, according to the Canada Mortgage and Housing Corporation. The seasonally adjusted annual rate (SAAR) of total urban housing starts decreased by 13.65% to 214,000 units, driven by a 14.7% drop in multi-unit urban starts to 168,515 units and a 9.54% decrease in single-detached urban starts to 45,485 units. The SAAR estimate for rural starts stood at 17,468 units. Year-to-date housing starts from January to December 2024 are up 15% in Montréal compared to 2023, reflecting a recovery from historically low levels last year. In contrast, Vancouver and Toronto remain below 2023’s historically high levels, with declines of 15% and 20% year-to-date, respectively.

Canada Housing Starts History

Last 12 readings

Trade With A Regulated Broker