The national trend in housing starts increased in September. Higher trending single-detached starts in urban centres since July, following several months of declines combined with higher-trending multi-family units in September to push the total starts trend to its highest level since April 2018.

The trend in housing starts was 223,507 units in September 2019, compared to 218,782 units in August 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

The standalone monthly SAAR of housing starts for all areas in Canada was 221,202 units in September, down 2.5% from 226,871 units in August. The SAAR of urban starts decreased by 2.4% in September to 208,503 units. Multiple urban starts decreased slightly by 0.2% to 159,742 units in September while single-detached urban starts decreased by 9.2% to 48,761 units.

Rural starts were estimated at a seasonally adjusted annual rate of 12,699 units.


Date Published:: October 8, 2019