The monthly SAAR of housing starts for all areas in Canada fell 1.5 percent from a month earlier to 282,070 units in June 2021, still beating market expectations of 270,000 units, according to Canada Mortgage and Housing Corporation (CMHC). Urban starts decreased by 1.8 percent to 251,190 units, due to an 8.5 percent decline in single-detached urban starts. Meanwhile, multiple urban starts increased by a slight 0.6 percent. Rural starts were estimated at a seasonally adjusted annual rate of 30,880 units. source: Canada Mortgage And Housing Corporation
Housing Starts in Canada averaged 188.11 Thousand units from 1977 until 2021, reaching an all time high of 333.28 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 July of 2021.
Housing Starts in Canada is expected to be 250.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Starts in Canada to stand at 220.00 in 12 months time. In the long-term, the Canada Housing Starts is projected to trend around 220.00 Thousand units in 2022 and 200.00 Thousand units in 2023, according to our econometric models.