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OTTAWA, ON, Oct. 16, 2024 /CNW/ - The six-month trend in housing starts decreased 1.9% from 246,972 units in August to 243,759 units in September. The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
The total monthly SAAR of housing starts for all areas in Canada increased 5% in September (223,808 units) compared to August (213,012 units), according to Canada Mortgage and Housing Corporation (CMHC).
In Canada's urban centres with a population of 10,000 or greater, there have been 168,897 actual housing starts year-to-date (January - September) in 2024. This compares to 165,559 for the same period in 2023, meaning actual housing starts are currently 2% higher this year.
Quote:
"Growth in actual year-to-date housing starts has been driven by both higher multi-unit and single-detached units in Alberta, Quebec and the Atlantic provinces. By contrast, year-to-date starts in Ontario and British Columbia have decreased across all housing types. Despite the increase in housing starts in September, we remain well below what is required to restore affordability in Canada's urban centres." said Kevin Hughes, CMHC's Deputy Chief Economist.
Key Facts:
The monthly SAAR of total urban (centres 10,000 population and over) housing starts was 6% higher (210,002 units). Multi-unit urban starts increased 6% (163,400 units), while single-detached urban starts increased 5% (46,602 units).The rural starts monthly SAAR estimate was 13,806 units.Actual year-to-date housing starts between January and September 2024 are up 15% in Montreal from the same period last year, showing some recovery from historically low new home construction in 2023.In Vancouver, actual starts are down 19% in 2024 compared to 2023, but it's important to note 2023 was a record high year.In Toronto, actual year-to-date housing starts are down 20% from 2023, which was also a high year for housing starts by historical standards.Monthly Housing Starts and Other Construction Data are accessible in English and French on our website and the CMHC Housing Market Information Portal.Housing starts data is available on the eleventh business day each month. We will release the October housing starts data on November 18 at 8:15 AM ET.CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and to obtain a clearer picture of upcoming new housing supply. In some situations, analyzing only SAAR data can be misleading, as the multi-unit segment largely drives the market and can vary significantly from one month to the next.Definitions and methodology to better understand the foundations of the Starts and Completions and Market Absorption surveys.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 plays a critical role as a national convenor to promote stability and sustainability in Canada's housing finance system. Our mortgage insurance products support access to home ownership and the creation and maintenance of rental housing supply. Our research and data help inform housing policy. By facilitating cooperation between all levels of government, private and non-profit sectors, we contribute to advancing housing affordability, equity, and climate compatibility. We actively support the Government of Canada in delivering on its commitment to make housing more affordable.
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Related Links:
Fall 2024 Housing Supply ReportHigher rates hindered housing starts in 2023Canada's potential capacity for housing constructionHousing Starts for August 2024
Housing Start Data in Centres 10,000 Population and Over - Cumulative, January - September
Single-Detached
All Others
Total
2023
2024
%
2023
2024
%
2023
2024
%
Provinces (10,000+)
N.L.
331
458
38
92
232
152
423
690
63
P.E.I.
134
189
41
495
896
81
629
1,085
72
N.S.
1,117
1,173
5
2,764
4,199
52
3,881
5,372
38
N.B.
664
710
7
2,127
2,979
40
2,791
3,689
32
Atlantic
2,246
2,530
13
5,478
8,306
52
7,724
10,836
40
Que.
3,068
3,126
2
20,743
25,663
24
23,811
28,789
21
Ont.
11,257
9,576
-15
55,038
46,552
-15
66,295
56,128
-15
Man.
1,250
1,299
4
3,551
3,106
-13
4,801
4,405
-8
Sask.
725
911
26
2,247
2,000
-11
2,972
2,911
-2
Alta.
8,578
11,295
32
16,326
22,282
36
24,904
33,577
35
Prairies
10,553
13,505
28
22,124
27,388
24
32,677
40,893
25
B.C.
4,336
3,349
-23
30,716
28,902
-6
35,052
32,251
-8
Canada (10,000+)
31,460
32,086
2
134,099
136,811
2
165,559
168,897
2
Metropolitan Areas
Abbotsford-Mission
187
146
-22
350
756
116
537
902
68
Barrie
552
312
-43
1,305
446
-66
1,857
758
-59
Belleville - Quinte West
150
163
9
129
123
-5
279
286
3
Brantford
309
168
-46
264
39
-85
573
207
-64
Calgary
4,104
5,225
27
10,037
12,189
21
14,141
17,414
23
Chilliwack
141
121
-14
178
278
56
319
399
25
Drummondville
121
125
3
291
621
113
412
746
81
Edmonton
3,465
4,992
44
5,634
8,367
49
9,099
13,359
47
Fredericton
208
226
9
619
280
-55
827
506
-39
Greater Sudbury
76
61
-20
184
58
-68
260
119
-54
Guelph
56
43
-23
1,052
342
-67
1,108
385
-65
Halifax
419
604
44
2,398
3,682
54
2,817
4,286
52
Hamilton
222
250
13
1,558
1,691
9
1,780
1,941
9
Kamloops
78
68
-13
270
196
-27
348
264
-24
Kelowna
339
280
-17
1,792
3,387
89
2,131
3,667
72
Kingston
216
171
-21
763
149
-80
979
320
-67
Kitchener-Cambridge-Waterloo
657
290
-56
1,799
2,062
15
2,456
2,352
-4
Lethbridge
118
194
64
30
405
##
148
599
305
London
367
415
13
1,367
2,587
89
1,734
3,002
73
Moncton
185
199
8
1,130
1,983
75
1,315
2,182
66
Montréal
767
814
6
10,110
11,675
15
10,877
12,489
15
Nanaimo
141
114
-19
208
670
222
349
784
125
Oshawa
532
338
-36
789
1,134
44
1,321
1,472
11
Ottawa-Gatineau
1,351
1,325
-2
7,617
6,919
-9
8,968
8,244
-8
Gatineau
250
276
10
2,205
2,084
-5
2,455
2,360
-4
Ottawa
1,101
1,049
-5
5,412
4,835
-11
6,513
5,884
-10
Peterborough
84
102
21
27
113
319
111
215
94
Québec
447
452
1
3,521
4,794
36
3,968
5,246
32
Red Deer
53
67
26
93
247
166
146
314
115
Regina
156
204
31
588
734
25
744
938
26
Saguenay
154
152
-1
429
215
-50
583
367
-37
St. Catharines-Niagara
668
517
-23
1,514
781
-48
2,182
1,298
-41
Saint John
163
166
2
264
438
66
427
604
41
St. John's
244
388
59
74
196
165
318
584
84
Saskatoon
535
647
21
1,396
1,228
-12
1,931
1,875
-3
Sherbrooke
176
220
25
868
953
10
1,044
1,173
12
Thunder Bay
76
56
-26
133
130
-2
209
186
-11
Toronto
3,539
3,389
-4
36,441
28,559
-22
39,980
31,948
-20
Trois-Rivières
134
160
19
771
1,269
65
905
1,429
58
Vancouver
2,266
1,645
-27
22,951
18,858
-18
25,217
20,503
-19
Victoria
295
216
-27
2,858
2,850
0
3,153
3,066
-3
Windsor
231
335
45
692
1,394
101
923
1,729
87
Winnipeg
1,088
1,071
-2
3,228
2,614
-19
4,316
3,685
-15
Total
25,070
26,431
5
125,722
125,412
0
150,792
151,843
1
Data for 2021 and 2022 based on 2016 Census Definitions and data for 2023 and 2024 based on 2021
Census Definitions.
Source: CMHC Starts and Completion Survey, Market Absorption Survey
Housing Start Data in Centres 10,000 Population and Over
Single-Detached
All Others
Total
September
2023
September
2024
%
September
2023
September
2024
%
September
2023
September
2024
%
Provinces (10,000+)
N.-L.
67
58
-13
26
45
73
93
103
11
P.E.I.
8
36
350
10
0
-100
18
36
100
N.S.
163
177
9
542
246
-55
705
423
-40
N.B.
91
107
18
434
539
24
525
646
23
Atlantic
329
378
15
1,012
830
-18
1,341
1,208
-10
Qc
431
402
-7
3,924
3,554
-9
4,355
3,956
-9
Ont.
1,341
1,477
10
7,266
3,981
-45
8,607
5,458
-37
Man.
139
170
22
230
281
22
369
451
22
Sask.
143
147
3
114
359
215
257
506
97
Alta.
1,184
1,441
22
2,921
2,325
-20
4,105
3,766
-8
Prairies
1,466
1,758
20
3,265
2,965
-9
4,731
4,723
0
B.C.
519
420
-19
2,641
3,041
15
3,160
3,461
10
Canada (10,000+)
4,086
4,435
9
18,108
14,371
-21
22,194
18,806
-15
Metropolitan Areas
Abbotsford-Mission
24
26
8
12
247
##
36
273
##
Barrie
40
47
18
123
115
-7
163
162
-1
Belleville - Quinte West
16
38
138
0
11
##
16
49
206
Brantford
6
37
##
27
20
-26
33
57
73
Calgary
554
660
19
2,180
1,430
-34
2,734
2,090
-24
Chilliwack
27
17
-37
10
4
-60
37
21
-43
Drummondville
8
15
88
42
67
60
50
82
64
Edmonton
464
637
37
620
798
29
1,084
1,435
32
Fredericton
28
37
32
283
26
-91
311
63
-80
Greater/Grand Sudbury
0
18
##
5
21
320
5
39
##
Guelph
8
7
-13
116
44
-62
124
51
-59
Halifax
78
64
-18
508
166
-67
586
230
-61
Hamilton
36
51
42
167
415
149
203
466
130
Kamloops
47
1
-98
78
64
-18
125
65
-48
Kelowna
17
34
100
151
425
181
168
459
173
Kingston
38
25
-34
44
9
-80
82
34
-59
Kitchener-Cambridge-Waterloo
38
22
-42
498
119
-76
536
141
-74
Lethbridge
24
22
-8
8
0
-100
32
22
-31
London
52
58
12
127
149
17
179
207
16
Moncton
24
29
21
135
414
207
159
443
179
Montréal
99
108
9
2,583
1,003
-61
2,682
1,111
-59
Nanaimo
11
8
-27
6
4
-33
17
12
-29
Oshawa
86
36
-58
10
14
40
96
50
-48
Ottawa-Gatineau
193
216
12
1,306
1,672
28
1,499
1,888
26
Gatineau
48
32
-33
219
346
58
267
378
42
Ottawa
145
184
27
1,087
1,326
22
1,232
1,510
23
Peterborough
11
3
-73
0
18
##
11
21
91
Québec
68
49
-28
568
547
-4
636
596
-6
Red Deer
13
14
8
10
0
-100
23
14
-39
Regina
32
43
34
34
31
-9
66
74
12
Saguenay
18
10
-44
15
50
233
33
60
82
St. Catharines-Niagara
73
60
-18
308
10
-97
381
70
-82
Saint John
24
26
8
5
75
##
29
101
248
St. John's
42
48
14
20
36
80
62
84
35
Saskatoon
105
95
-10
20
317
##
125
412
230
Sherbrooke
25
31
24
84
242
188
109
273
150
Thunder Bay
30
15
-50
30
28
-7
60
43
-28
Toronto
406
554
36
4,469
1,179
-74
4,875
1,733
-64
Trois-Rivières
16
43
169
85
620
##
101
663
##
Vancouver
251
209
-17
1,922
1,774
-8
2,173
1,983
-9
Victoria
41
29
-29
175
331
89
216
360
67
Windsor
35
51
46
11
268
##
46
319
##
Winnipeg
108
139
29
159
139
-13
267
278
4
Total
3,216
3,632
13
16,954
12,902
-24
20,170
16,534
-18
Data for 2023 and 2024 based on 2021 Census Definitions.
Source: CMHC
## not calculable / extreme value
Housing Start Data - Seasonally Adjusted at Annual Rates (SAAR)
Single-Detached
All Others
Total
August
2024
September
2024
%
August
2024
September
2024
%
August
2024
September
2024
%
Provinces (10,000+)
N.L.
561
553
-1
579
405
-30
1,140
958
-16
P.E.I.
225
431
92
372
0
-100
597
431
-28
N.S.
1,362
1,191
-13
1,930
2,671
38
3,292
3,862
17
N.B.
838
939
12
7,042
6,498
-8
7,880
7,437
-6
Qc
4,412
4,177
-5
36,693
35,909
-2
41,105
40,086
-2
Ont.
13,439
15,448
15
43,933
45,740
4
57,372
61,188
7
Man.
1,947
1,915
-2
4,956
3,372
-32
6,903
5,287
-23
Sask.
1,293
1,475
14
1,896
4,308
127
3,189
5,783
81
Alta.
15,426
16,140
5
30,481
28,242
-7
45,907
44,382
-3
B.C.
4,700
4,333
-8
26,950
36,255
35
31,650
40,588
28
Canada (10,000+)
44,203
46,602
5
154,832
163,400
6
199,035
210,002
6
Canada (All Areas)
51,639
54,105
5
161,373
169,707
5
213,012
223,808
5
Metropolitan Areas
Abbotsford-Mission
185
233
26
108
2,964
##
293
3,197
##
Barrie
291
410
41
1,704
1,380
-19
1,995
1,790
-10
Belleville - Quinte West
235
356
51
132
132
-
367
488
33
Brantford
129
399
209
0
240
##
129
639
395
Calgary
6,960
7,167
3
12,936
17,160
33
19,896
24,327
22
Chilliwack
192
163
-15
192
48
-75
252
211
-16
Drummondville
258
245
-5
1,008
804
-20
1,266
1,049
-17
Edmonton
7,029
7,385
5
14,124
9,576
-32
21,153
16,961
-20
Fredericton
264
324
23
1,596
312
-80
1,860
636
-66
Greater/Grand Sudbury
-13
103
##
0
252
##
-13
355
##
Guelph
28
88
214
324
528
63
352
616
75
Halifax
974
606
-38
1,548
1,992
29
2,522
2,598
3
Hamilton
359
417
16
1,068
4,980
366
1,427
5,397
278
Kamloops
31
11
-65
12
768
##
43
779
##
Kelowna
534
519
-3
168
5,100
##
702
5,619
##
Kingston
385
215
-44
756
108
-86
1,141
323
-72
Kitchener-Cambridge-Waterloo
289
321
11
3,648
1,428
-61
3,937
1,749
-56
Lethbridge
590
247
-58
2,616
0
-100
3,206
247
-92
London
599
566
-6
4,944
1,788
-64
5,543
2,354
-58
Moncton
239
260
9
4,896
4,968
1
5,135
5,228
2
Montréal
1,255
1,171
-7
13,884
11,864
-15
15,139
13,035
-14
Nanaimo
129
110
-15
24
48
100
153
158
3
Oshawa
404
325
-20
2,892
168
-94
3,296
493
-85
Ottawa-Gatineau
1,952
1,967
1
6,984
20,064
187
8,936
22,031
147
Gatineau
523
287
-45
1,008
4,152
312
1,531
4,439
190
Ottawa
1,429
1,680
18
5,976
15,912
166
7,405
17,592
138
Peterborough
58
51
-12
660
216
-67
718
267
-63
Québec
854
660
-23
4,284
6,564
53
5,138
7,224
41
Red Deer
74
103
39
0
0
-
74
103
39
Regina
245
382
56
288
372
29
533
754
41
Saguenay
79
123
56
360
600
67
439
723
65
St. Catharines-Niagara
287
676
136
2,028
120
-94
2,315
796
-66
Saint John
251
224
-11
288
900
213
539
1,124
109
St. John's
539
491
-9
516
432
-16
1,055
923
-13
Saskatoon
944
963
2
1,476
3,804
158
2,420
4,767
97
Sherbrooke
327
318
-3
1,116
2,904
160
1,443
3,222
123
Thunder Bay
54
62
15
0
336
##
54
398
##
Toronto
5,304
6,384
20
19,428
14,148
-27
24,732
20,532
-17
Trois-Rivières
351
426
21
1,500
7,440
396
1,851
7,866
325
Vancouver
2,054
2,175
6
18,408
21,288
16
20,462
23,463
15
Victoria
249
285
14
5,124
3,972
-22
5,373
4,257
-21
Windsor
508
495
-3
1,128
3,216
185
1,636
3,711
127
Winnipeg
1,613
1,614
0
3,876
1,668
-57
5,489
3,282
-40
Data for 2023 and 2024 based on 2021 Census Definitions.
Source: CMHC
## not calculable / extreme value
SOURCE Canada Mortgage and Housing Corporation (CMHC)
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2024/16/c4008.html
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