Canadian Housing Starts Trend Upwards in April
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 05/08/17 -- Housing starts are trending higher at 213,768 units in April 2017, compared to 210,702 units in March 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
"New housing construction increased in Canada, with seasonally adjusted data exceeding 200,000 units for five months in a row", said Bob Dugan, CMHC's Chief Economist. "The increase in the trend was mainly due to apartment construction in British Columbia and Quebec, which was partly offset by a decline in Ontario's multiple starts."
Monthly Highlights
CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of Canada's housing market. In some situations analyzing only SAAR data can be misleading, as they are largely driven by the multi-unit segment of the market which can vary significantly from one month to the next.
The standalone monthly SAAR of housing starts for all areas in Canada was 214,098 units in April, down from 252,305 units in March. The SAAR of urban starts decreased by 15.3 per cent in April to 199,485 units. Multiple urban starts decreased by 16.7 per cent to 134,314 units in April and single-detached urban starts decreased by 12.1 per cent, to 65,171 units.
Rural starts were estimated at a seasonally adjusted annual rate of 14,613 units.
data is also available in English and French through our website and through CMHC's Our analysts are also available to provide further insight into their respective markets.
As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.
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Additional data is available upon request.
To view the graph and table associated with this release, please visit the following link:
Contacts:
CMHC media relations
National
Jonathan Rotondo
CMHC Media Relations
613-748-2734
Atlantic
Katherine LeBlanc
902-789-5709
Quebec
Catherine Leger
514-283-7972
Ontario
Angelina Ritacco
416-218-3320
Prairies
Courtney Gillis
403-515-3012
British Columbia
Jeanette Wilkinson
604-737-4025
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Datum: 08.05.2017 - 12:16 Uhr
Sprache: Deutsch
News-ID 540830
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OTTAWA, ONTARIO
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Commercial Real Estate
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"Canadian Housing Starts Trend Upwards in April"
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