The seasonally adjusted annual rate of housing starts was 244,900 units in April, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 214,800 units in March.
“Most of the increase was in the multiples segment. The increase in this
segment is partly a reflection of the high level of pre-sales in large
multi-unit projects since 2011, which is in line with job gains over the last
year,” said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis
Centre. “Looking at single-detached homes, 67,700 such units were started
across Canada in April, a rate which is consistent with that of the recent
past,” added Laberge.
The seasonally adjusted annual rate of urban starts increased by 18.0 per
cent to 226,200 units in April. Urban single starts increased modestly by 0.6
per cent in April to 67,700 units. Meanwhile, multiple urban starts increased
by 27.4 per cent to 158,500 units.
April’s seasonally adjusted annual rate of urban starts increased by 56.5
per cent in Québec, by 12.2 per cent in Ontario, by 6.3 per cent in the
Prairies and British Columbia, and by 2.6 per cent in Atlantic Canada. In each
region, the increase was mainly due to multiple starts, particularly in Québec
and Ontario. Meanwhile, single-detached starts decreased in April in all
regions, with the exception of Ontario (+7.9 per cent).
Rural starts were estimated at a seasonally adjusted annual rate
of 18,700 units in April.