Jeff Qian 钱 晔 // 778-238-2014 //

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.
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