Housing starts in Canada jumped by 8 percent over a month earlier to 287,257 units in May of 2022, well above market expectations of 252,600 units, according to the Canada Mortgage and Housing Corporation (CHMC). Urban starts jumped by 8 percent to 264,162 units, as multi-unit urban starts climbed 13 percent to 201,193 units, offsetting a 4 percent decline for single-detached urban starts to 62,969 units. source: Canada Mortgage And Housing Corporation
Housing Starts in Canada averaged 189.53 Thousand units from 1977 until 2022, reaching an all time high of 330.12 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 June of 2022.
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 200.00 Thousand units in 2023, according to our econometric models.