BCREA ECONOMICS NOW
Canadian Housing Starts - October 10, 2017
Canadian housing starts decreased by 4 per cent in September to 217,118 units at a seasonally adjusted annual rate (SAAR). The six-month trend in Canadian housing starts also declined to 214,821 units SAAR.
New home construction in BC rose 6 per cent on a monthly basis to 37,470 units SAAR but was down 18 per cent on a year-over-year basis. Single detached starts were flat compared to one year ago while multiple unit starts declined 24 per cent 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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