OTTAWA,
ON, May 15, 2024 /CNW/ - The total
monthly seasonally adjusted annual rate (SAAR) of housing starts
for all areas in Canada decreased
1% in April (240,229 units) compared to March (242,267), according
to Canada Mortgage and Housing Corporation (CMHC).
The six-month trend in housing starts decreased 2.2% from
243,907 units in March to 238,585 units in April. 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 down 9% to 18,486 units in April compared to 20,231
units in April 2023. The
year-over-year decrease was driven by lower multi-unit starts, down
11%, whereas single-detached starts increased 3%.
April's actual housing starts were lower in all three major
cities in Canada due to decreases
in both multi-unit and single-detached starts. Toronto declined 38%, Vancouver fell 30% and Montreal was down 3% compared to April a year
ago.
"Both the SAAR and Trend of housing starts decreased in April
as did the actual number of starts, largely driven by fewer
multi-unit starts, particularly in Ontario. The multi-unit volatility observed in
Toronto, Vancouver, and Montréal in recent months is
unsurprising as we continue to see last year's challenging
borrowing conditions reflected in multi-unit housing starts
numbers. We expect to see continued downward pressure in these
large centres," said Bob Dugan,
CMHC's Chief Economist.
Key Facts:
- The monthly SAAR of total urban (centres 10,000 population and
over) housing starts was flat at 220,123 units recorded. Multi-unit
urban starts decreased 1% to 178,462 units, while single-detached
urban starts increased 2% to 41,661 units.
- The rural starts monthly SAAR estimate was 20,106 units.
- Total SAAR housing starts were up 41% in Montreal, driven by a 50% increase in
multi-unit starts. Vancouver
declined 17% due to decreases in multi-unit starts. Toronto fell 12% with both multi-unit and
single-detached starts lower.
- 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 May housing starts data on
June 17 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 Housing Market Outlook
- Spring 2024 Housing Supply Report
- 2024 Rental Market Report
- Housing starts for March
2024
|
Housing Start Data
in Centres 10,000 Population and Over
|
|
|
|
Single-Detached
|
All
Others
|
Total
|
|
|
|
|
|
|
April 2023
|
April 2024
|
%
|
April
2023
|
April
2024
|
%
|
April
2023
|
April
2024
|
%
|
|
|
Provinces
(10,000+)
|
|
|
|
|
|
|
|
|
|
|
|
N.-L.
|
|
21
|
40
|
90
|
6
|
11
|
83
|
27
|
51
|
89
|
|
|
P.E.I.
|
|
15
|
10
|
-33
|
42
|
8
|
-81
|
57
|
18
|
-68
|
|
|
N.S.
|
|
110
|
127
|
15
|
197
|
441
|
124
|
307
|
568
|
85
|
|
|
N.B.
|
|
46
|
42
|
-9
|
321
|
171
|
-47
|
367
|
213
|
-42
|
|
|
Atlantic
|
|
192
|
219
|
14
|
566
|
631
|
11
|
758
|
850
|
12
|
|
|
Qc
|
|
360
|
422
|
17
|
2,398
|
2,367
|
-1
|
2,758
|
2,789
|
1
|
|
|
Ont.
|
|
1,088
|
1,002
|
-8
|
7,743
|
4,587
|
-41
|
8,831
|
5,589
|
-37
|
|
|
Man.
|
|
146
|
117
|
-20
|
177
|
503
|
184
|
323
|
620
|
92
|
|
|
Sask.
|
|
92
|
72
|
-22
|
93
|
265
|
185
|
185
|
337
|
82
|
|
|
Alta.
|
|
925
|
1,263
|
37
|
1,431
|
2,553
|
78
|
2,356
|
3,816
|
62
|
|
|
Prairies
|
|
1,163
|
1,452
|
25
|
1,701
|
3,321
|
95
|
2,864
|
4,773
|
67
|
|
|
B.C.
|
|
595
|
405
|
-32
|
4,425
|
4,080
|
-8
|
5,020
|
4,485
|
-11
|
|
|
Canada
(10,000+)
|
3,398
|
3,500
|
3
|
16,833
|
14,986
|
-11
|
20,231
|
18,486
|
-9
|
|
|
Metropolitan
Areas
|
|
|
|
|
|
|
|
|
|
|
|
Abbotsford-Mission
|
29
|
26
|
-10
|
11
|
39
|
255
|
40
|
65
|
63
|
|
|
Barrie
|
|
100
|
54
|
-46
|
408
|
9
|
-98
|
508
|
63
|
-88
|
|
|
Belleville - Quinte
West
|
8
|
14
|
75
|
52
|
8
|
-85
|
60
|
22
|
-63
|
|
|
Brantford
|
|
61
|
17
|
-72
|
33
|
5
|
-85
|
94
|
22
|
-77
|
|
|
Calgary
|
|
447
|
528
|
18
|
717
|
1,303
|
82
|
1,164
|
1,831
|
57
|
|
|
Chilliwack
|
|
6
|
15
|
150
|
12
|
9
|
-25
|
18
|
24
|
33
|
|
|
Drummondville
|
15
|
15
|
-
|
19
|
45
|
137
|
34
|
60
|
76
|
|
|
Edmonton
|
|
370
|
598
|
62
|
638
|
1,058
|
66
|
1,008
|
1,656
|
64
|
|
|
Fredericton
|
|
8
|
9
|
13
|
4
|
0
|
-100
|
12
|
9
|
-25
|
|
|
Greater/Grand
Sudbury
|
12
|
4
|
-67
|
4
|
0
|
-100
|
16
|
4
|
-75
|
|
|
Guelph
|
|
5
|
2
|
-60
|
0
|
32
|
##
|
5
|
34
|
##
|
|
|
Halifax
|
|
40
|
75
|
88
|
180
|
418
|
132
|
220
|
493
|
124
|
|
|
Hamilton
|
|
13
|
10
|
-23
|
544
|
41
|
-92
|
557
|
51
|
-91
|
|
|
Kamloops
|
|
8
|
9
|
13
|
146
|
5
|
-97
|
154
|
14
|
-91
|
|
|
Kelowna
|
|
52
|
31
|
-40
|
62
|
170
|
174
|
114
|
201
|
76
|
|
|
Kingston
|
|
25
|
20
|
-20
|
236
|
12
|
-95
|
261
|
32
|
-88
|
|
|
Kitchener-Cambridge-Waterloo
|
46
|
43
|
-7
|
53
|
469
|
##
|
99
|
512
|
417
|
|
|
Lethbridge
|
|
13
|
10
|
-23
|
8
|
51
|
##
|
21
|
61
|
190
|
|
|
London
|
|
24
|
40
|
67
|
190
|
375
|
97
|
214
|
415
|
94
|
|
|
Moncton
|
|
13
|
26
|
100
|
173
|
153
|
-12
|
186
|
179
|
-4
|
|
|
Montréal
|
|
86
|
70
|
-19
|
1,151
|
1,124
|
-2
|
1,237
|
1,194
|
-3
|
|
|
Nanaimo
|
|
36
|
13
|
-64
|
17
|
372
|
##
|
53
|
385
|
##
|
|
|
Oshawa
|
|
55
|
45
|
-18
|
409
|
90
|
-78
|
464
|
135
|
-71
|
|
|
Ottawa-Gatineau
|
118
|
138
|
17
|
1,271
|
309
|
-76
|
1,389
|
447
|
-68
|
|
|
Gatineau
|
|
16
|
24
|
50
|
447
|
32
|
-93
|
463
|
56
|
-88
|
|
|
Ottawa
|
|
102
|
114
|
12
|
824
|
277
|
-66
|
926
|
391
|
-58
|
|
|
Peterborough
|
|
10
|
8
|
-20
|
16
|
14
|
-13
|
26
|
22
|
-15
|
|
|
Québec
|
|
62
|
66
|
6
|
319
|
631
|
98
|
381
|
697
|
83
|
|
|
Red Deer
|
|
6
|
8
|
33
|
21
|
63
|
200
|
27
|
71
|
163
|
|
|
Regina
|
|
22
|
19
|
-14
|
40
|
204
|
410
|
62
|
223
|
260
|
|
|
Saguenay
|
|
20
|
7
|
-65
|
50
|
8
|
-84
|
70
|
15
|
-79
|
|
|
St.
Catharines-Niagara
|
61
|
50
|
-18
|
86
|
93
|
8
|
147
|
143
|
-3
|
|
|
Saint John
|
|
18
|
1
|
-94
|
139
|
10
|
-93
|
157
|
11
|
-93
|
|
|
St. John's
|
|
18
|
36
|
100
|
6
|
11
|
83
|
24
|
47
|
96
|
|
|
Saskatoon
|
|
66
|
45
|
-32
|
52
|
60
|
15
|
118
|
105
|
-11
|
|
|
Sherbrooke
|
|
20
|
21
|
5
|
111
|
64
|
-42
|
131
|
85
|
-35
|
|
|
Thunder Bay
|
|
1
|
1
|
-
|
0
|
0
|
-
|
1
|
1
|
-
|
|
|
Toronto
|
|
316
|
305
|
-3
|
4,626
|
2,749
|
-41
|
4,942
|
3,054
|
-38
|
|
|
Trois-Rivières
|
|
23
|
11
|
-52
|
66
|
28
|
-58
|
89
|
39
|
-56
|
|
|
Vancouver
|
|
292
|
195
|
-33
|
3,875
|
2,718
|
-30
|
4,167
|
2,913
|
-30
|
|
|
Victoria
|
|
44
|
21
|
-52
|
47
|
485
|
##
|
91
|
506
|
456
|
|
|
Windsor
|
|
19
|
31
|
63
|
14
|
289
|
##
|
33
|
320
|
##
|
|
|
Winnipeg
|
|
136
|
101
|
-26
|
168
|
490
|
192
|
304
|
591
|
94
|
|
|
Total
|
|
2,724
|
2,738
|
1
|
15,974
|
14,014
|
-12
|
18,698
|
16,752
|
-10
|
|
|
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
|
|
|
March 2024
|
April
2024
|
%
|
March 2024
|
April
2024
|
%
|
March
2024
|
April
2024
|
%
|
|
Provinces
(10,000+)
|
|
|
|
|
|
|
|
|
|
|
N.L.
|
|
305
|
636
|
109
|
20
|
304
|
##
|
325
|
940
|
189
|
|
P.E.I.
|
|
41
|
110
|
168
|
648
|
96
|
-85
|
689
|
206
|
-70
|
|
N.S.
|
|
1,714
|
1,955
|
14
|
5,854
|
5,380
|
-8
|
7,568
|
7,335
|
-3
|
|
N.B.
|
|
873
|
946
|
8
|
556
|
2,052
|
269
|
1,429
|
2,998
|
110
|
|
Qc
|
|
4,928
|
4,499
|
-9
|
30,072
|
25,878
|
-14
|
35,000
|
30,377
|
-13
|
|
Ont.
|
|
12,798
|
13,031
|
2
|
57,256
|
56,428
|
-1
|
70,054
|
69,459
|
-1
|
|
Man.
|
|
1,747
|
1,446
|
-17
|
2,964
|
6,036
|
104
|
4,711
|
7,482
|
59
|
|
Sask.
|
|
1,092
|
737
|
-33
|
1,968
|
3,180
|
62
|
3,060
|
3,917
|
28
|
|
Alta.
|
|
13,670
|
14,378
|
5
|
25,188
|
30,499
|
21
|
38,858
|
44,877
|
15
|
|
B.C.
|
|
3,548
|
3,923
|
11
|
55,116
|
48,609
|
-12
|
58,664
|
52,532
|
-10
|
|
Canada
(10,000+)
|
40,716
|
41,661
|
2
|
179,642
|
178,462
|
-1
|
220,358
|
220,123
|
0
|
|
Canada (All
Areas)
|
52,791
|
53,895
|
2
|
189,477
|
186,335
|
-2
|
242,267
|
240,229
|
-1
|
|
Metropolitan
Areas
|
|
Abbotsford-Mission
|
102
|
232
|
127
|
1,728
|
468
|
-73
|
1,830
|
700
|
-62
|
|
Barrie
|
|
852
|
715
|
-16
|
48
|
108
|
125
|
900
|
823
|
-9
|
|
Belleville - Quinte
West
|
384
|
207
|
-46
|
12
|
96
|
##
|
396
|
303
|
-23
|
|
Brantford
|
|
303
|
346
|
14
|
0
|
60
|
##
|
303
|
406
|
34
|
|
Calgary
|
|
7,130
|
6,331
|
-11
|
14,736
|
15,636
|
6
|
21,866
|
21,967
|
0
|
|
Chilliwack
|
|
82
|
110
|
34
|
82
|
108
|
32
|
1,582
|
218
|
-86
|
|
Drummondville
|
192
|
115
|
-40
|
384
|
540
|
41
|
576
|
655
|
14
|
|
Edmonton
|
|
5,418
|
6,377
|
18
|
9,504
|
12,696
|
34
|
14,922
|
19,073
|
28
|
|
Fredericton
|
|
330
|
393
|
19
|
0
|
0
|
-
|
330
|
393
|
19
|
|
Greater/Grand
Sudbury
|
43
|
11
|
-74
|
0
|
0
|
-
|
43
|
11
|
-74
|
|
Guelph
|
|
50
|
28
|
-44
|
72
|
384
|
433
|
122
|
412
|
238
|
|
Halifax
|
|
1,040
|
932
|
-10
|
5,340
|
5,016
|
-6
|
6,380
|
5,948
|
-7
|
|
Hamilton
|
|
443
|
226
|
-49
|
204
|
492
|
141
|
647
|
718
|
11
|
|
Kamloops
|
|
219
|
81
|
-63
|
24
|
60
|
150
|
243
|
141
|
-42
|
|
Kelowna
|
|
230
|
291
|
27
|
4,548
|
2,040
|
-55
|
4,778
|
2,331
|
-51
|
|
Kingston
|
|
168
|
257
|
53
|
108
|
144
|
33
|
276
|
401
|
45
|
|
Kitchener-Cambridge-Waterloo
|
579
|
576
|
-1
|
900
|
5,628
|
##
|
1,479
|
6,204
|
319
|
|
Lethbridge
|
|
217
|
l134
|
-38
|
24
|
612
|
##
|
241
|
746
|
210
|
|
London
|
|
650
|
606
|
-7
|
6,084
|
4,500
|
-26
|
6,734
|
5,106
|
-24
|
|
Moncton
|
|
325
|
281
|
-14
|
168
|
1,836
|
##
|
493
|
2,117
|
329
|
|
Montréal
|
|
1,105
|
766
|
-31
|
8,773
|
13,130
|
50
|
9,878
|
13,896
|
41
|
|
Nanaimo
|
|
19
|
134
|
##
|
12
|
4,464
|
##
|
31
|
4,598
|
##
|
|
Oshawa
|
|
299
|
389
|
30
|
936
|
1,080
|
15
|
1,235
|
1,469
|
19
|
|
Ottawa-Gatineau
|
1,719
|
1,772
|
3
|
7,128
|
3,708
|
-48
|
8,847
|
5,480
|
-38
|
|
Gatineau
|
|
270
|
280
|
4
|
1,788
|
384
|
-79
|
2,058
|
664
|
-68
|
|
Ottawa
|
|
1,449
|
1,492
|
3
|
5,340
|
3,324
|
-38
|
6,789
|
4,816
|
-29
|
|
Peterborough
|
189
|
130
|
-31
|
0
|
168
|
##
|
189
|
298
|
58
|
|
Québec
|
|
386
|
577
|
49
|
6,240
|
7,572
|
21
|
6,626
|
8,149
|
23
|
|
Red Deer
|
|
120
|
85
|
-29
|
24
|
756
|
##
|
144
|
841
|
484
|
|
Regina
|
|
310
|
227
|
-27
|
888
|
2,448
|
176
|
1,198
|
2,675
|
123
|
|
Saguenay
|
|
989
|
72
|
-93
|
348
|
96
|
-72
|
1,337
|
168
|
-87
|
|
St.
Catharines-Niagara
|
735
|
612
|
-17
|
960
|
1,116
|
16
|
1,695
|
1,728
|
2
|
|
Saint John
|
|
234
|
18
|
-92
|
0
|
120
|
##
|
234
|
138
|
-41
|
|
St. John's
|
|
215
|
651
|
203
|
12
|
132
|
##
|
227
|
783
|
245
|
|
Saskatoon
|
|
713
|
444
|
-38
|
1,056
|
720
|
-32
|
1,769
|
1,164
|
-34
|
|
Sherbrooke
|
|
290
|
225
|
-22
|
1,608
|
768
|
-52
|
1,898
|
993
|
-48
|
|
Thunder Bay
|
939
|
96
|
-90
|
288
|
0
|
-100
|
1,227
|
96
|
-92
|
|
Toronto
|
|
4,314
|
3,995
|
-7
|
37,704
|
32,988
|
-13
|
42,018
|
36,983
|
-12
|
|
Trois-Rivières
|
85
|
78
|
-8
|
372
|
336
|
-10
|
457
|
414
|
-9
|
|
Vancouver
|
|
1,666
|
1,969
|
18
|
40,068
|
32,616
|
-19
|
41,734
|
34,585
|
-17
|
|
Victoria
|
|
324
|
238
|
-27
|
5,148
|
5,820
|
13
|
5,472
|
6,058
|
11
|
|
Windsor
|
|
372
|
370
|
-1
|
264
|
3,468
|
##
|
636
|
3,838
|
##
|
|
Winnipeg
|
|
1,506
|
1,158
|
-23
|
2,808
|
5,880
|
109
|
4,314
|
7,038
|
63
|
|
Data for 2023 and 2024
based on 2021 Census Definitions.
|
|
Source: CMHC
|
|
## not calculable /
extreme value
|
SOURCE Canada Mortgage and Housing Corporation (CMHC)