Canada housing starts – CMHC reveals latest figures

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“For SAAR housing starts in Canada’s urban areas, both single-detached and multi-family starts decreased in December. On a positive note, actual urban housing starts were 21% higher in 2021, adding much needed supply.”

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Dugan said that increase in actual urban housing starts, which was propelled by recovery from COVID-19 lockdown measures in 2020, was also caused by higher single-detached and multi-family starts, which rose by 28% and 19% respectively.

CMHC also noted that among three of the country’s hottest markets – Toronto, Montreal and Vancouver – the latter was the only one to post growth in total SAAR starts in December, again caused by higher multi-family and single-detached starts.

The body’s trend measure is a six-month moving average of the monthly SAAR of housing starts, which it uses to account for variance in monthly estimates and gain a more rounded view of Canada’s housing market.

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