OTTAWA, ON, Sept. 17, 2024 /CNW/ - The six-month trend in housing starts decreased 2.9% from 255,794 units in July to 248,480 units in August. 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 decreased 22% in August (217,405 units) compared to July (279,804 units), according to Canada Mortgage and Housing Corporation (CMHC).
Housing Starts in Canada - All Areas (CNW Group/Canada Mortgage and Housing Corporation (CMHC))
In Canada’s urban centres with a population of 10,000 or greater, there have been 149,922 actual housing starts year-to-date (January – August) in 2024. This compares to 143,229 for the same period in 2023, meaning actual housing starts are currently 5% higher this year.