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The trend in housing starts was 243,759 units in September 2024, down 1.3% from 246,972 units in August. The trend measure is a 6-month moving average of the monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada. Actual year-to-date housing starts between January and September 2024 are up 15% in ...
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- Housing starts remained flat in November
Despite this, housing starts activity remains elevated in...
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3 days ago · In Toronto, actual year-to-date housing starts were down 21 per cent from 2023. CMHC said the six-month moving average of the annual rate of housing starts was flat in October at 243,522 units.
Ontario's housing market saw a sharp monthly increase in its average home in September 2024, with an average home price of $851,478, a 4.1% increase from the previous month and a 0.2% increase from the previous year. Ontario recorded 13,251 sales in September 2024, up 9.8% year-over-year. The average home sold price in the GTA was $1,107,291 in ...
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In December, new home prices for Canada grew (+0.2%) at their slowest pace since June 2020. Nationally, new home prices rose 11.6% year over year in December. Prices were up in 16 of the 27 census metropolitan areas (CMAs) surveyed, unchanged in 10 and down in 1 from November to December.
Nationally, new home prices were up 10.3% in 2021 compared with 2020 (+2.1%)—the largest annual increase since 1989. Prices for new homes grew at a faster pace from January to June 2021 (+7.1%) compared with the second half of the year (+3.1%).
The Bank of Canada has "committed to holding the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2 percent inflation target is sustainably achieved. In the Bank's October projection, this happens sometime in the middle quarters of 2022." As interest rates have yet to move up, it is expected that new ho...
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).
The monthly SAAR of total urban housing starts was 24% lower at 199,478 units, as multi-unit urban starts fell by 29% to 154,290 units, and single-detached urban starts increased 3% to 45,188 units. The rural starts monthly SAAR estimate was 17,927 units. Housing Starts in Canada increased to 240.80 Thousand units in October from 223.40 ...
Dec 15, 2023 · Ottawa, December 15, 2023. The six-month trend in housing starts was higher in November at 257,777 units, up 0.7% from 255,876 units in October, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas ...
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Dec 15, 2022 · Despite this, housing starts activity remains elevated in Canada in 2022,” said Bob Dugan, CMHC's Chief Economist. The trend in housing starts was 274,361 units in November, down 1% from 277,044 units in October, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly ...
