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.