Housing starts in Canada surged by 13% over a month earlier to 243,959 units in February of 2023, surpassing market expectations of 220,000 units, according to the Canada Mortgage and Housing Corporation. The SAAR of total urban starts jumped 16% to 222,663 units in February, as multi-unit urban starts climbed 18% to 173,745 units, and single-detached urban starts increased 8% to 48,918 units. The rural starts monthly SAAR estimate was 21,296 units. source: Canada Mortgage And Housing Corporation

Housing Starts in Canada averaged 190.60 Thousand units from 1977 until 2023, reaching an all time high of 321.28 Thousand units in March of 2021 and a record low of 90.70 Thousand units in August of 1982. This page provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Housing Starts - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Housing Starts in Canada is expected to be 229.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Housing Starts is projected to trend around 220.00 Thousand units in 2024 and 250.00 Thousand units in 2025, according to our econometric models.

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Canada Housing Starts



Calendar GMT Actual Previous Consensus TEForecast
2023-02-15 01:15 PM Jan 215.4K 248.3K 240K 238.0K
2023-03-15 12:15 PM Feb 244K 216.5K 220K 230.0K
2023-04-19 12:15 PM Mar 229K


Related Last Previous Unit Reference
Housing Starts 244.00 216.50 Thousand units Feb 2023

Canada Housing Starts
In Canada, a housing start is defined as the beginning of construction work on the building where the dwelling unit will be located. This can be described in 2 ways: usually, the stage when the concrete has been poured for the whole of the footing around the structure; or an equivalent stage where a basement will not be part of the structure.
Actual Previous Highest Lowest Dates Unit Frequency
244.00 216.50 321.28 90.70 1977 - 2023 Thousand units Monthly
Volume, SA

News Stream
Canada Housing Starts Above Forecasts
Housing starts in Canada surged by 13% over a month earlier to 243,959 units in February of 2023, surpassing market expectations of 220,000 units, according to the Canada Mortgage and Housing Corporation. The SAAR of total urban starts jumped 16% to 222,663 units in February, as multi-unit urban starts climbed 18% to 173,745 units, and single-detached urban starts increased 8% to 48,918 units. The rural starts monthly SAAR estimate was 21,296 units.
2023-03-15
Canada Housing Starts Below Estimates
Housing starts in Canada declined 13% over a month earlier to 215,365 units in January of 2023, the lowest level since September 2020 and below market expectations of 240,000, according to the Canada Mortgage and Housing Corporation. The SAAR of total urban starts declined 16%, with 191,491 units recorded in January. Multi-unit urban starts declined 20% to 146,267 units, while single-detached urban starts increased 3% to 45,224 units. The rural starts SAAR estimate was 23,874 units. “Both the Monthly SAAR and the six-month trend of housing starts declined nationally in the first month of 2023, with SAAR of housing starts hitting its lowest level since September 2020. Among Toronto, Montreal and Vancouver, Montreal was the only market with increases in total SAAR housing starts in January, up 36%. Toronto declined 52% while Vancouver declined 14%, which contributed to the overall monthly decline in SAAR housing starts for Canada,” said Aled ab Iorwerth, CMHC's Deputy Chief Economist.
2023-02-15
Canada Housing Starts Fall More than Expected
Housing starts in Canada declined 5% over a month earlier to 248,625 units in December of 2022, below market expectations of 257,500 units, according to the Canada Mortgage and Housing Corporation (CHMC). The SAAR of total urban starts also dropped 5%, with 227,708 units recorded in December, as single-detached urban starts tumbled 11% to 44,858 units, while multi-unit urban starts decreased 4% to 182,850 units. Rural starts were estimated at a seasonally adjusted annual rate of 20,917 units. "The rate of new construction continued at an elevated pace in 2022 overall, ending the year with actual total urban starts at 240,590 units (-1%) in Canada, similar to levels observed in 2021 (244,141 units). While these additional units will provide much-needed supply on the market, demand for housing in the country will continue to grow.," said Bob Dugan, CMHC's Chief Economist.
2023-01-17