Housing starts in Canada fell 3.9% over a month earlier to 260,239 units in August of 2021, the third straight month of decreases, compared to market expectations of 268,000 units, according to Canada Mortgage and Housing Corporation (CMHC). It was the lowest reading since last December. Urban starts fell by 4.7% to 235,782 units, as multiple urban starts slumped by 5.7% to 173,120 units in August, while single-detached urban starts decreased by 2% to 62,662 units. Rural starts were estimated at a seasonally adjusted annual rate of 24,457 units. source: Canada Mortgage And Housing Corporation
Housing Starts in Canada averaged 188.40 Thousand units from 1977 until 2021, reaching an all time high of 333.28 Thousand units in March of 2021 and a record low of 90.70 Thousand units in August of 1982. This page provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Housing Starts - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Housing Starts in Canada is expected to be 250.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Housing Starts is projected to trend around 220.00 Thousand units in 2022 and 200.00 Thousand units in 2023, according to our econometric models.