Search results
Oct 16, 2024 · Ottawa, October 16, 2024. The six-month trend in housing starts decreased 1.3% 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 ...
Housing starts in Canada rose by 5% over a month to 223,808 units in September 2024, below market expectations of 237,500 units, according to the Canada Mortgage and Housing Corporation. The monthly SAAR of total urban housing starts was 6% higher at 210,002 units, as multi-unit urban starts increased 6% to 163,400 units, while single-detached urban starts increased 5% to 46,602 units.
Oct 29, 2024 · The rural starts monthly SAAR estimate was 13,806 units. Actual year-to-date housing starts between January and September 2024 are up 15 percent 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 percent in 2024 compared to 2023, but it ...
Apr 4, 2024 · Highlights. Economic growth outlook: Expecting weak economic growth in 2024. We’re projecting a momentum regain in 2025 – 2026 as interest rates decrease. Housing starts prediction: Expecting lower housing starts in 2024. There is a slight improvement forecasted over the next 2 years. Supply challenges, notably the lagged effects of higher ...
Oct 10, 2024 · The housing market in Canada continues to show a mixture of growth and decline across various regions and housing types. Housing Starts Data for August 2024. As of September 2024, CMHC reported a decline in the six-month trend in housing starts, which fell 2.9% from 255,794 units in July to 248,480 units in August. The trend measure, calculated ...
- Joanna Gerber
Total housing starts in the 6 largest census metropolitan areas (CMAs) rose by 4% in the first half of 2024 compared to the same period in 2023. The level of new construction (68,639 units) was the second strongest since 1990. However, when adjusted for population size, combined housing starts were close to
Oct 16, 2024 · Housing starts increase modestly in September. Canadian housing starts came in at 223.8k annualized units in September, representing a mere 5% month-on-month (m/m) increase after an August plunge that left starts at their lowest level in nearly one year. The six-month moving average of starts dipped 1.9% m/m to 243.8k units.
People also ask
How many housing starts in Canada in October 2024?
What is the six-month trend in housing starts?
Will housing starts be lower in 2024?
How will Canada's housing market change in 2024?
Does CMHC have a trend in housing starts?
What is the economic outlook for 2024?