Canadian Housing Starts
Canadian housing starts declined 2 per cent on a monthly basis in August to 201,000 units at a seasonally adjusted annual rate (SAAR). The trend in Canadian housing starts continued to moderate lower, averaging 214,000 units SAAR over the past six months.
In BC, total housing starts increased 8 per cent on a monthly basis to 46,000 units SAAR and were up 29 per cent year-over-year. On a monthly basis, starts of multiple units were up 11 per cent to an annual rate of 37,000 units SAAR while single detached fell 4 per cent to 9,100 units SAAR. Compared to August 2017, multiple units starts were up 45 per cent while single detached starts were 11 per cent lower.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.