Housing starts in Canada decreased by 11 percent over a month earlier to 267,055 units in October of 2022, below market expectations of 270,000 units, according to the Canada Mortgage and Housing Corporation (CHMC). Urban starts also fell by 11 percent to 245,234 units, as multi-unit urban starts went down 13 percent to 188,189 units, while single-detached urban starts dropped 4 percent to 57,045 units. Rural starts were estimated at a seasonally adjusted annual rate of 21,821 units. source: Canada Mortgage And Housing Corporation
Housing Starts in Canada averaged 190.33 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 November of 2022.
Housing Starts in Canada is expected to be 244.00 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 and 220.00 Thousand units in 2024, according to our econometric models.