OTTAWA,
ON, April 16, 2024 /CNW/ - The total
monthly seasonally adjusted annual rate (SAAR) of housing starts
for all areas in Canada decreased
7% in March (242,195 units) compared to February (260,047),
according to Canada Mortgage and Housing Corporation (CMHC).
The six-month trend in housing starts decreased 1.6% from
247,971 units in February to 243,957 units in March. The trend
measure is a six-month moving average of the SAAR of total housing
starts for all areas in Canada.
The actual number of housing starts across Canada in urban centres of 10,000 population
and over was up 16% to 17,052 units in March compared to 14,756
units in March 2023. The
year-over-year increase was driven by higher multi-unit starts, up
19% and higher single-detached starts, up 2%.
March's actual housing starts were 10% and 15% higher
year-over-year in Toronto and
Vancouver, respectively, because
of higher multi-unit starts, while single-detached starts
decreased. Montreal's actual
starts decreased 1%, dragged down by lower multi-unit starts.
Key Facts:
- The monthly SAAR of total urban (centres 10,000 population and
over) housing starts decreased 7%, with 220,743 units recorded.
Multi-unit urban starts decreased 8% to 180,229 units, while
single-detached urban starts decreased 4% to 40,514 units.
- The rural starts monthly SAAR estimate was 21,452 units.
- Total SAAR housing starts were up 27% in Vancouver, driven by an increase in multi-unit
starts. Toronto and Montreal declined 26% and 5%, respectively due
to decreases in multi-unit starts.
- Monthly Housing Starts and Other Construction Data are
accessible in English and French on our website and the CMHC
Housing Market Information Portal.
- Housing starts data is available on the eleventh business day
each month. We will release the March housing starts data on
May 15 at 8:15
AM ET.
- CMHC uses the trend measure as a complement to the monthly SAAR
of housing starts to account for considerable swings in monthly
estimates and to obtain a clearer picture of upcoming new housing
supply. In some situations, analyzing only SAAR data can be
misleading, as the multi-unit segment largely drives the market and
can vary significantly from one month to the next.
- Definitions and methodology to better understand the
foundations of the Starts and Completions and Market Absorption
surveys.
As a trusted source of housing information, CMHC provides
unbiased housing-related data, research, and market information to
help close knowledge gaps, and deepen understanding of complex
housing issues to inform future policy decisions. Housing starts
facilitate the analysis of monthly, quarterly, and year-over-year
activity in the new home market. The data we collect as part of our
Starts and Completions and Market Absorption surveys helps us
obtain a clearer picture of upcoming new housing supply and is used
as part of our various housing reports.
CMHC contributes to the stability of the housing market and
financial system, provides support for Canadians in housing need,
and offers objective housing research and information to all levels
of governments, consumers and the housing industry.
Follow us on X (formerly Twitter), YouTube, LinkedIn,
Facebook and Instagram.
Related Links:
- 2024 Rental Market Report
- CMHC 2023: Housing reports retrospective
|
Housing Start Data
in Centres 10,000 Population and Over
|
|
|
Single-Detached
|
All
Others
|
Total
|
|
|
|
|
March
2023
|
March
2024
|
%
|
March
2023
|
March
2024
|
%
|
March
2023
|
March
2024
|
%
|
|
Provinces
(10,000+)
|
|
|
|
|
|
|
|
|
|
|
N.-L.
|
|
10
|
8
|
-20
|
2
|
1
|
-50
|
12
|
9
|
-25
|
|
P.E.I.
|
|
7
|
1
|
-86
|
7
|
54
|
##
|
14
|
55
|
293
|
|
N.S.
|
|
92
|
88
|
-4
|
139
|
482
|
247
|
231
|
570
|
147
|
|
N.B
|
|
19
|
17
|
-11
|
42
|
34
|
-19
|
61
|
51
|
-16
|
|
Atlantic
|
|
128
|
114
|
-11
|
190
|
571
|
201
|
318
|
685
|
115
|
|
Qc
|
|
224
|
293
|
31
|
1,575
|
1,959
|
24
|
1,799
|
2,252
|
25
|
|
Ont.
|
|
1,102
|
916
|
-17
|
4,690
|
4,606
|
-2
|
5,792
|
5,522
|
-5
|
|
Man.
|
|
110
|
117
|
6
|
496
|
247
|
-50
|
606
|
364
|
-40
|
|
Sask.
|
|
56
|
76
|
36
|
158
|
164
|
4
|
214
|
240
|
12
|
|
Alta.
|
|
698
|
1,000
|
43
|
1,311
|
2,122
|
62
|
2,009
|
3,122
|
55
|
|
Prairies
|
|
864
|
1,193
|
38
|
1,965
|
2,533
|
29
|
2,829
|
3,726
|
32
|
|
B.C.
|
|
399
|
266
|
-33
|
3,619
|
4,601
|
27
|
4,018
|
4,867
|
21
|
|
Canada
(10,000+)
|
2,717
|
2,782
|
2
|
12,039
|
14,270
|
19
|
14,756
|
17,052
|
16
|
|
Metropolitan
Areas
|
|
|
|
|
|
|
|
|
|
|
Abbotsford-Mission
|
20
|
8
|
-60
|
13
|
144
|
##
|
33
|
152
|
361
|
|
Barrie
|
|
45
|
43
|
-4
|
33
|
4
|
-88
|
78
|
47
|
-40
|
|
Belleville - Quinte
West
|
3
|
13
|
333
|
4
|
1
|
-75
|
7
|
14
|
100
|
|
Brantford
|
|
21
|
20
|
-5
|
33
|
0
|
-100
|
54
|
20
|
-63
|
|
Calgary
|
|
341
|
532
|
56
|
753
|
1,228
|
63
|
1,094
|
1,760
|
61
|
|
Chilliwack
|
|
9
|
7
|
-22
|
0
|
125
|
##
|
9
|
132
|
##
|
|
Drummondville
|
8
|
20
|
150
|
37
|
32
|
-14
|
45
|
52
|
16
|
|
Edmonton
|
|
282
|
370
|
31
|
525
|
792
|
51
|
807
|
1,162
|
44
|
|
Fredericton
|
|
7
|
6
|
-14
|
4
|
0
|
-100
|
11
|
6
|
-45
|
|
Greater/Grand
Sudbury
|
5
|
0
|
-100
|
4
|
0
|
-100
|
9
|
0
|
-100
|
|
Guelph
|
|
3
|
4
|
33
|
255
|
6
|
-98
|
258
|
10
|
-96
|
|
Halifax
|
|
41
|
50
|
22
|
123
|
445
|
262
|
164
|
495
|
202
|
|
Hamilton
|
|
19
|
35
|
84
|
46
|
17
|
-63
|
65
|
52
|
-20
|
|
Kamloops
|
|
3
|
13
|
333
|
8
|
2
|
-75
|
11
|
15
|
36
|
|
Kelowna
|
|
62
|
16
|
-74
|
207
|
379
|
83
|
269
|
395
|
47
|
|
Kingston
|
|
13
|
6
|
-54
|
15
|
9
|
-40
|
28
|
15
|
-46
|
|
Kitchener-Cambridge-Waterloo
|
97
|
53
|
-45
|
58
|
75
|
29
|
155
|
128
|
-17
|
|
Lethbridge
|
|
5
|
9
|
80
|
0
|
2
|
##
|
5
|
11
|
120
|
|
London
|
|
32
|
42
|
31
|
164
|
507
|
209
|
196
|
549
|
180
|
|
Moncton
|
|
1
|
2
|
100
|
2
|
14
|
##
|
3
|
16
|
433
|
|
Montréal
|
|
61
|
72
|
18
|
757
|
738
|
-3
|
818
|
810
|
-1
|
|
Nanaimo
|
|
13
|
2
|
-85
|
9
|
1
|
-89
|
22
|
3
|
-86
|
|
Oshawa
|
|
47
|
24
|
-49
|
32
|
78
|
144
|
79
|
102
|
29
|
|
Ottawa-Gatineau
|
129
|
113
|
-12
|
1,155
|
594
|
-49
|
1,284
|
707
|
-45
|
|
Gatineau
|
|
30
|
15
|
-50
|
103
|
149
|
45
|
133
|
164
|
23
|
|
Ottawa
|
|
99
|
98
|
-1
|
1,052
|
445
|
-58
|
1,151
|
543
|
-53
|
|
Peterborough
|
|
17
|
13
|
-24
|
0
|
0
|
-
|
17
|
13
|
-24
|
|
Québec
|
|
44
|
29
|
-34
|
239
|
520
|
118
|
283
|
549
|
94
|
|
Red Deer
|
|
3
|
6
|
100
|
2
|
2
|
-
|
5
|
8
|
60
|
|
Regina
|
|
5
|
19
|
280
|
70
|
74
|
6
|
75
|
93
|
24
|
|
Saguenay
|
|
3
|
23
|
##
|
11
|
29
|
164
|
14
|
52
|
271
|
|
St.
Catharines-Niagara
|
56
|
43
|
-23
|
40
|
80
|
100
|
96
|
123
|
28
|
|
Saint John
|
|
5
|
6
|
20
|
0
|
0
|
-
|
5
|
6
|
20
|
|
St. John's
|
|
10
|
4
|
-60
|
2
|
1
|
-50
|
12
|
5
|
-58
|
|
Saskatoon
|
|
50
|
51
|
2
|
61
|
88
|
44
|
111
|
139
|
25
|
|
Sherbrooke
|
|
12
|
18
|
50
|
118
|
134
|
14
|
130
|
152
|
17
|
|
Thunder Bay
|
|
0
|
1
|
##
|
0
|
24
|
##
|
0
|
25
|
##
|
|
Toronto
|
|
402
|
352
|
-12
|
2,780
|
3,142
|
13
|
3,182
|
3,494
|
10
|
|
Trois-Rivières
|
|
6
|
3
|
-50
|
41
|
31
|
-24
|
47
|
34
|
-28
|
|
Vancouver
|
|
193
|
117
|
-39
|
2,823
|
3,339
|
18
|
3,016
|
3,456
|
15
|
|
Victoria
|
|
28
|
30
|
7
|
297
|
429
|
44
|
325
|
459
|
41
|
|
Windsor
|
|
14
|
22
|
57
|
34
|
22
|
-35
|
48
|
44
|
-8
|
|
Winnipeg
|
|
97
|
103
|
6
|
436
|
234
|
-46
|
533
|
337
|
-37
|
|
Total
|
|
2,212
|
2,300
|
4
|
11,191
|
13,342
|
19
|
13,403
|
15,642
|
17
|
|
|
|
|
|
|
|
|
|
Data for 2023 and 2024
based on 2021 Census Definitions.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Source: CMHC
|
|
|
|
|
|
|
|
|
|
|
|
## not calculable /
extreme
value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Housing Start Data -
Seasonally Adjusted at Annual Rates (SAAR)
|
|
|
Single-Detached
|
All
Others
|
Total
|
|
|
February
2024
|
March
2024
|
%
|
February
2024
|
March
2024
|
%
|
February
2024
|
March
2024
|
%
|
|
Provinces
(10,000+)
|
|
|
|
|
|
|
|
|
|
|
N.L.
|
|
631
|
319
|
-49
|
67
|
13
|
-81
|
698
|
332
|
-52
|
|
P.E.I.
|
|
60
|
41
|
-32
|
120
|
648
|
440
|
180
|
689
|
283
|
|
N.S.
|
|
1,639
|
1,682
|
3
|
10,388
|
5,838
|
-44
|
12,027
|
7,520
|
-37
|
|
N.B.
|
|
1,095
|
871
|
-20
|
3,998
|
560
|
-86
|
5,093
|
1,431
|
-72
|
|
Qc
|
|
5,442
|
5,071
|
-7
|
29,992
|
30,709
|
2
|
35,434
|
35,780
|
1
|
|
Ont.
|
|
10,707
|
12,526
|
17
|
74,024
|
57,297
|
-23
|
84,731
|
69,823
|
-18
|
|
Man.
|
|
1,895
|
1,768
|
-7
|
2,496
|
2,964
|
19
|
4,391
|
4,732
|
8
|
|
Sask.
|
|
1,023
|
1,166
|
14
|
1,824
|
1,968
|
8
|
2,847
|
3,134
|
10
|
|
Alta.
|
|
14,800
|
13,495
|
-9
|
32,789
|
25,137
|
-23
|
47,589
|
38,632
|
-19
|
|
B.C.
|
|
4,554
|
3,575
|
-21
|
39,766
|
55,095
|
39
|
44,320
|
58,670
|
32
|
|
Canada
(10,000+)
|
41,846
|
40,514
|
-3
|
195,464
|
180,229
|
-8
|
237,310
|
220,743
|
-7
|
|
Canada (All
Areas)
|
53,937
|
52,047
|
-4
|
206,108
|
190,152
|
-8
|
260,047
|
242,195
|
-7
|
|
Metropolitan
Areas
|
|
Abbotsford-Mission
|
76
|
101
|
33
|
672
|
1,728
|
157
|
748
|
1,829
|
145
|
|
Barrie
|
|
569
|
836
|
47
|
96
|
48
|
-50
|
665
|
884
|
33
|
|
Belleville - Quinte
West
|
397
|
404
|
2
|
840
|
12
|
-99
|
1,237
|
416
|
-66
|
|
Brantford
|
|
251
|
310
|
24
|
96
|
0
|
-100
|
347
|
310
|
-11
|
|
Calgary
|
|
6,983
|
7,244
|
4
|
14,568
|
14,736
|
1
|
21,551
|
21,980
|
2
|
|
Chilliwack
|
|
210
|
81
|
-61
|
210
|
1,500
|
##
|
306
|
1,581
|
417
|
|
Drummondville
|
112
|
199
|
78
|
444
|
384
|
-14
|
556
|
583
|
5
|
|
Edmonton
|
|
5,757
|
5,329
|
-7
|
14,496
|
9,504
|
-34
|
20,253
|
14,833
|
-27
|
|
Fredericton
|
|
370
|
322
|
-13
|
0
|
0
|
-
|
370
|
322
|
-13
|
|
Greater/Grand
Sudbury
|
##
|
##
|
##
|
##
|
##
|
##
|
##
|
##
|
##
|
|
Guelph
|
|
40
|
53
|
33
|
1,152
|
72
|
-94
|
1,192
|
125
|
-90
|
|
Halifax
|
|
930
|
1,047
|
13
|
10,044
|
5,340
|
-47
|
10,974
|
6,387
|
-42
|
|
Hamilton
|
|
243
|
498
|
105
|
2,292
|
204
|
-91
|
2,535
|
702
|
-72
|
|
Kamloops
|
|
261
|
257
|
-2
|
108
|
24
|
-78
|
369
|
281
|
-24
|
|
Kelowna
|
|
437
|
227
|
-48
|
3,720
|
4,548
|
22
|
4,157
|
4,775
|
15
|
|
Kingston
|
|
330
|
169
|
-49
|
192
|
108
|
-44
|
522
|
277
|
-47
|
|
Kitchener-Cambridge-Waterloo
|
227
|
582
|
156
|
1,776
|
900
|
-49
|
2,003
|
1,482
|
-26
|
|
Lethbridge
|
|
267
|
247
|
-7
|
96
|
24
|
-75
|
363
|
271
|
-25
|
|
London
|
|
301
|
643
|
114
|
2,304
|
6,084
|
164
|
2,605
|
6,727
|
158
|
|
Moncton
|
|
252
|
323
|
28
|
2,016
|
168
|
-92
|
2,268
|
491
|
-78
|
|
Montréal
|
|
1,134
|
1,153
|
2
|
9,334
|
8,788
|
-6
|
10,468
|
9,941
|
-5
|
|
Nanaimo
|
|
160
|
20
|
-88
|
48
|
12
|
-75
|
208
|
32
|
-85
|
|
Oshawa
|
|
375
|
289
|
-23
|
720
|
936
|
30
|
1,095
|
1,225
|
12
|
|
Ottawa-Gatineau
|
1,214
|
1,693
|
39
|
6,300
|
7,128
|
13
|
7,514
|
8,821
|
17
|
|
Gatineau
|
|
638
|
261
|
-59
|
1,296
|
1,788
|
38
|
1,934
|
2,049
|
6
|
|
Ottawa
|
|
576
|
1,432
|
149
|
5,004
|
5,340
|
7
|
5,580
|
6,772
|
21
|
|
Peterborough
|
146
|
194
|
33
|
0
|
0
|
-
|
146
|
194
|
33
|
|
Québec
|
|
548
|
381
|
-30
|
3,360
|
6,240
|
86
|
3,908
|
6,621
|
69
|
|
Red Deer
|
|
13
|
123
|
##
|
1,992
|
24
|
-99
|
2,005
|
147
|
-93
|
|
Regina
|
|
196
|
318
|
62
|
744
|
888
|
19
|
940
|
1,206
|
28
|
|
Saguenay
|
|
599
|
986
|
65
|
264
|
348
|
32
|
863
|
1,334
|
55
|
|
St.
Catharines-Niagara
|
1,040
|
755
|
-27
|
1,044
|
960
|
-8
|
2,084
|
1,715
|
-18
|
|
Saint John
|
|
361
|
221
|
-39
|
1,416
|
0
|
-100
|
1,777
|
221
|
-88
|
|
St. John's
|
|
445
|
234
|
-47
|
24
|
12
|
-50
|
469
|
246
|
-48
|
|
Saskatoon
|
|
771
|
727
|
-6
|
1,056
|
1,056
|
-
|
1,827
|
1,783
|
-2
|
|
Sherbrooke
|
|
349
|
302
|
-13
|
216
|
1,608
|
##
|
565
|
1,910
|
238
|
|
Thunder Bay
|
1,014
|
929
|
-8
|
0
|
288
|
##
|
1,014
|
1,217
|
20
|
|
Toronto
|
|
3,684
|
4,260
|
16
|
52,944
|
37,704
|
-29
|
56,628
|
41,964
|
-26
|
|
Trois-Rivières
|
122
|
87
|
-29
|
1,560
|
372
|
-76
|
1,682
|
459
|
-73
|
|
Vancouver
|
|
2,002
|
1,652
|
-17
|
30,792
|
40,068
|
30
|
32,794
|
41,720
|
27
|
|
Victoria
|
|
384
|
338
|
-12
|
2,928
|
5,148
|
76
|
3,312
|
5,486
|
66
|
|
Windsor
|
|
175
|
367
|
110
|
48
|
264
|
450
|
223
|
631
|
183
|
|
Winnipeg
|
|
1,639
|
1,528
|
-7
|
2,340
|
2,808
|
20
|
3,979
|
4,336
|
9
|
|
|
|
|
|
|
|
|
|
Data for 2023 and 2024
based on 2021 Census Definitions.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Source: CMHC
|
|
|
|
|
|
|
|
|
|
|
|
## not calculable /
extreme
value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOURCE Canada Mortgage and Housing Corporation (CMHC)