BCREA ECONOMICS NOW Canadian Housing Starts - November 8, 2017 Canadian housing starts increased 2 per cent in September to 222,771 units at a seasonally adjusted annual rate (SAAR). The six-month trend in Canadian housing starts also increased to 216,770 units SAAR. New home construction in BC jumped 44 per cent on a monthly basis to 53,751 units SAAR and more than doubled on a year-over-year basis. Single detached starts were down 6 per cent from one year ago while multiple unit starts nearly tripled year-over-year. Looking at census metropolitan areas (CMA) in BC:
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Cameron Muir: Chief Economist 604.742.2780 cmuir@bcrea.bc.ca Brendon Ogmundson: Economist 604.742.2796 bogmundson@bcrea.bc.ca The Housing Market Update video podcast is produced monthly by the British Columbia Real Estate Association. Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: "Copyright British Columbia Real Estate Association. Reprinted with permission." BCREA makes no guarantees as to the accuracy or completeness of this information. Copyright© British Columbia Real Estate Association 1420 – 701 Georgia Street West PO Box 10123, Pacific Centre Vancouver, BC V7Y 1C6 Phone 604.683.7702 Fax 604.683.8601 www.bcrea.bc.ca bcrea@bcrea.bc.ca To subscribe to receive other BCREA publications such as this one, to unsubscribe, or to update your email address or current subscription list, click here. Comments are closed.
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