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:
For inquiries regarding statistical and economics-related news releases, please contact:
Cameron Muir: Chief Economist
Brendon Ogmundson: Economist
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