Housing starts in Canada surged 21.6% over a month earlier to a record high of 335,200 units in March of 2021, compared to market forecasts of 250,000 units, according to Canada Mortgage and Housing Corporation (CMHC). The SAAR of urban starts increased by 24.4% to 300,973 units, as multiple urban starts jumped by 33.8% to 222,358 units and single-detached urban starts rose by 3.6% to 78,615 units. Rural starts were estimated at a seasonally adjusted annual rate of 34,227 units. source: Canada Mortgage And Housing Corporation
Housing Starts in Canada averaged 187.54 Thousand units from 1977 until 2021, reaching an all time high of 335.20 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 April of 2021.
Housing Starts in Canada is expected to be 215.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Starts in Canada to stand at 213.00 in 12 months time. In the long-term, the Canada Housing Starts is projected to trend around 216.00 Thousand units in 2022, according to our econometric models.