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1. • • 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.
     www.cmhc-schl.gc.ca/media-newsroom/news-releases/2024/housing-starts-september-2024

     Housing starts for September 2024 | CMHC

2. www.cmhc-schl.gc.ca › media-newsroom › news-releasesHousing starts for September 2024 | CMHC

   www.cmhc-schl.gc.ca › media-newsroom › news-releases

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   Oct 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.

   • Housing starts in major Canadian cities show mixed trends

     New home construction in Canada’s largest cities has shown...

   • 2024 Housing Market Outlook | CMHC

     Explore the latest trends in Canada’s housing market,...

3. www.canadianrealestatemagazine.ca › news › canadasCanada's Housing Starts Update: September 2024

   www.canadianrealestatemagazine.ca › news › canadas

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   Oct 10, 2024 · Canada’s housing market shows mixed trends in September 2024, with declining urban starts but stable rural areas. Regional variances highlight shifts in housing types and potential long-term supply concerns.

   • Author: Joanna Gerber

4. tradingeconomics.com › canada › housing-startsCanada Housing Starts - TRADING ECONOMICS

   tradingeconomics.com › canada › housing-starts

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   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 ...

5. www.cmhc-schl.gc.ca › blog › 2024Housing starts in major Canadian cities show mixed trends

   www.cmhc-schl.gc.ca › blog › 2024

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   Sep 26, 2024 · New home construction in Canada’s largest cities has shown diverse trends, reflecting regional differences in affordability and economic conditions. Calgary, Edmonton and Montréal saw significant increases in housing starts, while Toronto, Vancouver and Ottawa faced declines.

6. globalnews.ca › housing-starts-september-2024Canada’s pace of homebuilding picked up in September, CMHC says

   globalnews.ca › housing-starts-september-2024

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   Oct 16, 2024 · The rate of starts for urban multi-unit projects such as apartments, condominiums and townhouses increased six per cent to 163,400 units, while the pace of starts of urban single-detached homes...

7. www.canadianmortgagetrends.com › 2024 › 09Housing starts up in six largest cities but construction ...

   www.canadianmortgagetrends.com › 2024 › 09

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   Sep 26, 2024 · The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose 4% year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.

8. People also ask

   How many housing starts in Canada in October 2024?

   • Compare Housing Starts by Country Housing starts in Canada increased by 7.8% month-over-month to 240,761 units in October 2024, the highest level in three months, though still below market expectations of 242,500 units, according to the Canada Mortgage and Housing Corporation.

   Canada Housing Starts - TRADING ECONOMICS

   tradingeconomics.com/canada/housing-starts

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   Are condo starts going down in 2024?

   • As a result, the current sales downturn signals a likely reduction in future condo starts. The report also warned of future supply shortages. Canada’s housing market shows mixed trends in September 2024, with declining urban starts but stable rural areas. Regional variances highlight shifts in housing types and potential long-term supply concerns.

   Canada's Housing Starts Update: September 2024

   www.canadianrealestatemagazine.ca/news/canadas-housing-starts-update-september-2024/

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   How has Toronto's housing market changed in 2024?

   • Toronto’s housing market has also experienced significant shifts. According to CMHC, actual housing starts in Toronto were down 14% year-to-date as of August 2024 compared to 2023’s record-high starts. Edge Realty’s September Report adds that construction activity in the GTA rose by 1.1% in July, driven by a 5.5% increase in rental construction.

   Canada's Housing Starts Update: September 2024

   www.canadianrealestatemagazine.ca/news/canadas-housing-starts-update-september-2024/

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   Will housing starts be lower in 2024?

   • 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 interest rates, mean that new construction in 2025 – 2026 won’t reach 2021 – 2023 levels.

   2024 Housing Market Outlook | CMHC - Canada Mortgage and Housing

   www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook?trk=public_post_comment-text

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   How will the housing market change in 2025 & 2026?

   • Developers responded to the demand for lower-priced units, which increased as households reached the limits of their borrowing capacities. This trend is projected to continue in 2025 and 2026. Driven by low vacancy rates and renewed investor interest, purpose-built rental and condominium apartment construction will continue to trend upward.

   2024 Housing Market Outlook | CMHC - Canada Mortgage and Housing

   www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook?trk=public_post_comment-text

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   Will home starts increase in 2024?

   • Despite a growing stock of unabsorbed single-detached homes caused by lower demand, a marginal increase in starts of this dwelling type is expected in 2024. Total starts should rise over the forecast period, driven by increased multi-unit construction, including semi-detached, row homes and apartments (both purpose-built rentals and condominiums).

   2024 Housing Market Outlook | CMHC - Canada Mortgage and Housing

   www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook?trk=public_post_comment-text

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9. www.cmhc-schl.gc.ca › professionals › housing2024 Housing Market Outlook | CMHC

   www.cmhc-schl.gc.ca › professionals › housing

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   Apr 4, 2024 · Explore the latest trends in Canada’s housing market, covering new homes, resales and rentals. Gain insights on affordability, supply and other key issues in Canada’s census metropolitan areas. Dive into forecasts for major markets and localized insights to make informed housing decisions.