Canada - Makazi Starts

The seasonally adjusted annual rates of housing starts in Canada rose 0.3 percent from a month earlier 201,318 units in November 2019, but missing market expectations of 205,000, according to Canada Mortgage and Housing Corporation (CMHC). Urban starts went up 0.4 percent to 88,559 units, as multiple urban starts increased 2.3 percent to 141,753 units while single-detached urban starts fell 5.1 to 46,806 units. Rural starts were estimated at a seasonally adjusted annual rate of 12,759 units.

The seasonally adjusted annual rates of housing starts in Canada dropped 8.7 percent from a month earlier to 201,973 units in October 2019, missing market expectations of 221,200, according to Canada Mortgage and Housing Corporation (CMHC). Urban starts fell 9.0 percent to 189,304 units, as multiple urban starts slumped 12.5 percent to 139,518 units, while single-detached urban starts increased 2.4 percent to 49,786 units. Rural starts were estimated at a seasonally adjusted annual rate of 12,669 units.

The seasonally adjusted annual rates of housing starts in Canada fell 2.5 percent from a month earlier to 221,202 units in September 2019, still beating market expectations of 214,500, according to Canada Mortgage and Housing Corporation (CMHC). Urban starts dropped 2.4 percent to 208,503 units, as single-detached urban starts slumped 9.2 percent to 48,761 units, while multiple urban starts decreased just 0.2 percent to 159,742 units. Rural starts were estimated at a seasonally adjusted annual rate of 12,699 units.

The seasonally adjusted annual rates of housing starts in Canada rose 1.9 percent from a month earlier to 226,639 units in August 2019, beating market expectations of 215,000. Urban starts increased 2.0 percent to 213,663 units, as single-detached urban starts jumped 13.6 percent to 53,275 units, while multiple urban starts fell 1.4 percent to 160,388 units. Rural starts were estimated at a seasonally adjusted annual rate of 12,976 units.

The seasonally adjusted annual rates of housing starts in Canada dropped 9.6 percent from a month earlier to 222,013 units in July 2019, beating market expectations of 203,500. Urban starts decreased 10.4 percent to 209,122 units, as multiple urban starts slumped 12 percent to 162,722 units while single-detached urban starts fell 4.6 percent to 46,400 units. Rural starts were estimated at a seasonally adjusted annual rate of 12,891 units.

The seasonally adjusted annual rates of housing starts in Canada rose 26 percent from a month earlier to 245,657 units in June 2019, the highest since November 2017 and well above market expectations of 210,000. Urban starts jumped 26 percent to 234,238 units in June, as multiple urban starts surged 31 percent to 185,804 units while single-detached urban starts increased 8 percent to 48,434 units. Rural starts were estimated at a seasonally adjusted annual rate of 11,419 units.