“So far this year, all regions are on pace to surpass construction levels from 2016 except for British Columbia, where starts have declined year-to-date after reaching near-record levels last summer.” “The trend in housing starts for Canada reached its highest level in almost five years”, said Bob Dugan, CMHC’s chief economist.
ANNUAL COUNT of CANADIAN HOUSING STARTS
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Projected Year End 2017 Totals
Canada = 195,269(-1% Y/Y) ON = 74,999 (0% Y/Y) QC = 37,581 (-4% Y/Y) BC = 38,792 (-7% Y/Y) AB = 26,970 (+10% Y/Y) |
NOTE: The chart below shows the actual annual totals count from 1956 through 2016.
CLICK CHART TO ENLARGE
The 2017 data points on the chart are derived from the “annualized” provincial data set in the charts above and are therefor a projection of what year end 2017 might look like.
