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:
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.
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Housing Start Data in Centres 10,000 Population and Over | ||||||||||
Single-Detached | All Others | Total | ||||||||
March | March | % | March | March | % | March | March | % | ||
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 | ||||||||||
Housing Start Data - Seasonally Adjusted at Annual Rates (SAAR) | ||||||||||
Single-Detached | All Others | Total | ||||||||
February | March | % | February | March | % | February | March | % | ||
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 | ||||||||||
SOURCE Canada Mortgage and Housing Corporation (CMHC)
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