Housing starts in Canada increased by 1.1 percent over a month earlier to 275,329 units in July of 2022, above market expectations of 262,100 units, according to the Canada Mortgage and Housing Corporation (CHMC). Urban starts decreased by 0.8 percent to 254,371 units, as single-detached urban starts fell 2.3 percent to 58,384 units and multi-unit urban starts went down 0.3 percent to 195,987 units. Rural starts were estimated at a seasonally adjusted annual rate of 20,958 units. source: Canada Mortgage And Housing Corporation
Housing Starts in Canada averaged 189.84 Thousand units from 1977 until 2022, reaching an all time high of 330.12 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 August of 2022.
Housing Starts in Canada is expected to be 245.00 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 200.00 Thousand units in 2023, according to our econometric models.